Exxon Mobil Co. (NYSE:XOM) Position Reduced by Grace & White Inc. NY

Grace & White Inc. NY decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,599 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Grace & White Inc. NY’s holdings in Exxon Mobil were worth $2,659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Exxon Mobil during the 4th quarter worth approximately $2,784,000. Ellenbecker Investment Group lifted its stake in shares of Exxon Mobil by 43.8% in the 4th quarter. Ellenbecker Investment Group now owns 8,666 shares of the oil and gas company’s stock valued at $866,000 after purchasing an additional 2,640 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Exxon Mobil by 10.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,345 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 697 shares during the last quarter. Community Bank & Trust Waco Texas lifted its stake in shares of Exxon Mobil by 0.3% in the 4th quarter. Community Bank & Trust Waco Texas now owns 76,161 shares of the oil and gas company’s stock valued at $7,615,000 after purchasing an additional 251 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. lifted its stake in shares of Exxon Mobil by 5.0% in the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 2,100 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $121.05 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market cap of $479.15 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.16 and a beta of 0.96. The business’s fifty day moving average is $112.69 and its two-hundred day moving average is $106.51. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the firm posted $3.40 earnings per share. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Scotiabank boosted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.