Exxon Mobil Co. (NYSE:XOM) Shares Sold by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,453 shares of the oil and gas company’s stock after selling 670 shares during the period. Exxon Mobil makes up about 6.7% of Slocum Gordon & Co LLP’s investment portfolio, making the stock its 3rd largest holding. Slocum Gordon & Co LLP’s holdings in Exxon Mobil were worth $8,117,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the period. Pacer Advisors Inc. lifted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after acquiring an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. boosted its position in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after purchasing an additional 1,776,848 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $110.98 on Tuesday. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $487.75 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. The business’s 50 day moving average is $109.41 and its two-hundred day moving average is $114.97.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm earned $2.48 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

About Exxon Mobil

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.