Hurlow Wealth Management Group Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the oil and gas company’s stock after selling 721 shares during the quarter. Hurlow Wealth Management Group Inc.’s holdings in Exxon Mobil were worth $430,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Exxon Mobil by 1,505.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after purchasing an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in Exxon Mobil during the third quarter worth $347,253,000. Legal & General Group Plc boosted its position in Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares in the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Performance
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 the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.40%. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Bank of America boosted their target price on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Piper Sandler decreased their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Truist Financial boosted their price target on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Wells Fargo & Company boosted their price target on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, StockNews.com began coverage on Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
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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