Fmr LLC Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Fmr LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 146,107,336 shares of the oil and gas company’s stock after selling 5,756,313 shares during the quarter. Exxon Mobil makes up about 0.9% of Fmr LLC’s investment portfolio, making the stock its 13th biggest position. Fmr LLC’s holdings in Exxon Mobil were worth $15,716,766,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Rockline Wealth Management LLC boosted its position in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank boosted its holdings in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after acquiring an additional 493 shares in the last quarter. Helen Stephens Group LLC raised its stake in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares in the last quarter. Hartford Funds Management Co LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $543,000. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Exxon Mobil by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company’s stock worth $15,936,000 after acquiring an additional 16,392 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $104.17 on Friday. The firm has a market capitalization of $452.01 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The stock’s 50 day moving average price is $111.16 and its 200 day moving average price is $113.81. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 last year, the business earned $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. Barclays dropped their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. BMO Capital Markets reduced 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, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.80.

Exxon Mobil 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.