Citizens Financial Group Inc. RI Sells 4,727 Shares of Exxon Mobil Co. (NYSE:XOM)

Citizens Financial Group Inc. RI reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.5% during the fourth quarter, HoldingsChannel reports. The fund owned 316,696 shares of the oil and gas company’s stock after selling 4,727 shares during the quarter. Exxon Mobil comprises 0.7% of Citizens Financial Group Inc. RI’s holdings, making the stock its 29th biggest position. Citizens Financial Group Inc. RI’s holdings in Exxon Mobil were worth $34,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after buying an additional 521,932 shares during the period. Fiera Capital Corp increased its position in shares of Exxon Mobil by 8.7% during the third quarter. Fiera Capital Corp now owns 5,419 shares of the oil and gas company’s stock valued at $635,000 after buying an additional 433 shares during the period. United Bank increased its position in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the period. Rather & Kittrell Inc. increased its position in shares of Exxon Mobil by 2.4% during the third quarter. Rather & Kittrell Inc. now owns 7,169 shares of the oil and gas company’s stock valued at $840,000 after buying an additional 165 shares during the period. Finally, Lindbrook Capital LLC increased its position in shares of Exxon Mobil by 7.8% during the third quarter. Lindbrook Capital LLC now owns 17,151 shares of the oil and gas company’s stock valued at $2,010,000 after buying an additional 1,245 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the 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 completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.6 %

Shares of XOM opened at $111.85 on Tuesday. The firm has a market cap of $485.33 billion, a P/E ratio of 14.27, a P/E/G ratio of 3.02 and a beta of 0.83. The stock has a 50 day simple moving average of $109.17 and a two-hundred day simple moving average of $113.85. 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 Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.