Exxon Mobil Co. (NYSE:XOM) Shares Sold by Zacks Investment Management

Zacks Investment Management lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,412,638 shares of the oil and gas company’s stock after selling 21,339 shares during the period. Exxon Mobil accounts for approximately 1.4% of Zacks Investment Management’s holdings, making the stock its 11th biggest holding. Zacks Investment Management’s holdings in Exxon Mobil were worth $151,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockline Wealth Management LLC increased its position in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the period. Renasant Bank increased its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after acquiring an additional 493 shares during the period. Helen Stephens Group LLC lifted its position in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Hartford Funds Management Co LLC bought a new position in Exxon Mobil in the 4th quarter worth about $543,000. Finally, Czech National Bank boosted its position in shares of Exxon Mobil by 5.3% during the fourth quarter. Czech National Bank now owns 952,944 shares of the oil and gas company’s stock worth $102,508,000 after buying an additional 47,893 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $103.08 on Wednesday. The firm’s 50-day moving average price is $110.10 and its two-hundred day moving average price is $113.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market capitalization of $445.85 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 last year, the business earned $2.48 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil’s payout ratio is currently 50.51%.

Analysts Set New Price Targets

A number of analysts have commented on XOM shares. BMO Capital Markets dropped their price target on shares of 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. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Mizuho cut their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $126.75.

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.