Exxon Mobil Co. (NYSE:XOM) Shares Sold by Crown Wealth Group LLC

Crown Wealth Group LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,288 shares of the oil and gas company’s stock after selling 869 shares during the quarter. Crown Wealth Group LLC’s holdings in Exxon Mobil were worth $569,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter valued at $47,000. Compass Financial Services Inc acquired a new position in Exxon Mobil during the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Scotiabank decreased their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

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 transaction, the vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 1.1 %

Shares of Exxon Mobil stock opened at $111.33 on Friday. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The company has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89. The business’s fifty day moving average price is $108.95 and its two-hundred day moving average price is $114.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm earned $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.