Sanders Morris Harris LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,079 shares of the oil and gas company’s stock after selling 778 shares during the period. Exxon Mobil accounts for 1.9% of Sanders Morris Harris LLC’s holdings, making the stock its 9th largest holding. Sanders Morris Harris LLC’s holdings in Exxon Mobil were worth $4,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Transform Wealth LLC lifted its holdings in shares of Exxon Mobil by 1.2% during the fourth quarter. Transform Wealth LLC now owns 118,180 shares of the oil and gas company’s stock worth $13,035,000 after purchasing an additional 1,404 shares during the period. Creative Capital Management Investments LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $488,000. Mason & Associates Inc lifted its holdings in shares of Exxon Mobil by 5.7% during the fourth quarter. Mason & Associates Inc now owns 9,236 shares of the oil and gas company’s stock worth $1,019,000 after purchasing an additional 495 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Exxon Mobil by 4.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 34,800 shares of the oil and gas company’s stock worth $3,838,000 after purchasing an additional 1,520 shares during the period. Finally, Baystate Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 0.5% during the fourth quarter. Baystate Wealth Management LLC now owns 23,474 shares of the oil and gas company’s stock worth $2,589,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Analyst Ratings Changes
XOM has been the topic of a number of recent research reports. B. Riley lifted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Argus lifted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Truist Financial lifted their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Finally, Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Stock Down 2.3 %
Shares of Exxon Mobil stock opened at $104.59 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The company has a 50-day moving average of $111.42 and a 200 day moving average of $106.71. The firm has a market cap of $425.78 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.43 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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