Exxon Mobil Co. (NYSE:XOM) Stake Lowered by AlTi Global Inc.

AlTi Global Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,025,513 shares of the oil and gas company's stock after selling 31,404 shares during the period. Exxon Mobil accounts for 2.7% of AlTi Global Inc.'s portfolio, making the stock its 8th largest position. AlTi Global Inc.'s holdings in Exxon Mobil were worth $110,495,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allegheny Financial Group raised its stake in Exxon Mobil by 2.4% during the fourth quarter. Allegheny Financial Group now owns 131,472 shares of the oil and gas company's stock valued at $14,142,000 after buying an additional 3,088 shares during the last quarter. 4WEALTH Advisors Inc. bought a new position in shares of Exxon Mobil during the fourth quarter valued at $512,000. Adapt Wealth Advisors LLC raised its position in shares of Exxon Mobil by 11.2% in the 4th quarter. Adapt Wealth Advisors LLC now owns 6,067 shares of the oil and gas company's stock worth $653,000 after purchasing an additional 611 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its stake in Exxon Mobil by 9.2% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 24,345 shares of the oil and gas company's stock worth $2,619,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Wahed Invest LLC grew its position in Exxon Mobil by 6.4% during the 4th quarter. Wahed Invest LLC now owns 115,403 shares of the oil and gas company's stock valued at $12,414,000 after purchasing an additional 6,980 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Mizuho decreased their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, BMO Capital Markets dropped their price objective 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 assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Insider Buying and Selling

In other Exxon Mobil 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 transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE XOM traded down $2.98 on Monday, reaching $103.23. 19,616,856 shares of the stock were exchanged, compared to its average volume of 15,735,962. 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 one year low of $97.80 and a one year high of $126.34. The firm has a market capitalization of $446.50 billion, a PE ratio of 13.17, a PEG ratio of 3.02 and a beta of 0.51. The company's 50-day simple moving average is $109.36 and its two-hundred day simple moving average is $111.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the company earned $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. 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 will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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.