Citizens Financial Group Inc. RI Sells 4,727 Shares of Exxon Mobil Co. (NYSE:XOM)

Citizens Financial Group Inc. RI lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,696 shares of the oil and gas company’s stock after selling 4,727 shares during the quarter. Exxon Mobil makes up approximately 0.7% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 29th largest position. Citizens Financial Group Inc. RI’s holdings in Exxon Mobil were worth $34,067,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in XOM. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Compass Financial Services Inc bought a new position in Exxon Mobil during the 4th quarter worth approximately $48,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $111.85 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $485.33 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 3.02 and a beta of 0.83. The firm’s fifty day moving average price is $109.17 and its two-hundred day moving average price is $113.85. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.