Exxon Mobil Co. (NYSE:XOM) Shares Sold by Barings LLC

Barings LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,745 shares of the oil and gas company’s stock after selling 1,678 shares during the period. Exxon Mobil accounts for approximately 0.5% of Barings LLC’s investment portfolio, making the stock its 25th biggest holding. Barings LLC’s holdings in Exxon Mobil were worth $19,658,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Oak Harbor Wealth Partners LLC increased its position in shares of Exxon Mobil by 1.0% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 13,096 shares of the oil and gas company’s stock worth $1,409,000 after purchasing an additional 134 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Exxon Mobil by 2.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 133,541 shares of the oil and gas company’s stock worth $14,365,000 after purchasing an additional 2,703 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Exxon Mobil by 26.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 28,532 shares of the oil and gas company’s stock worth $3,069,000 after purchasing an additional 5,926 shares in the last quarter. Naviter Wealth LLC increased its position in shares of Exxon Mobil by 2.3% in the 4th quarter. Naviter Wealth LLC now owns 153,513 shares of the oil and gas company’s stock valued at $16,513,000 after acquiring an additional 3,448 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $319,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, BMO Capital Markets cut 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’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 transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.3 %

Shares of Exxon Mobil stock opened at $109.05 on Friday. The firm has a market capitalization of $473.20 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The firm’s 50-day moving average price is $109.05 and its 200 day moving average price is $113.87. 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 (NYSE:XOM) last issued 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 in the previous year, the business earned $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.