Exxon Mobil Co. (NYSE:XOM) Stake Lessened by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 30.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,202 shares of the oil and gas company's stock after selling 196,903 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Exxon Mobil were worth $44,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of XOM. Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company's stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company's stock valued at $491,678,000 after buying an additional 4,870,115 shares during the period. FMR LLC grew its holdings in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the third quarter worth $295,515,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Exxon Mobil by 21,620,510.0% during the third quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company's stock worth $254,215,000 after acquiring an additional 2,162,051 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

XOM traded down $0.53 during midday trading on Tuesday, reaching $116.22. The company's stock had a trading volume of 30,112,328 shares, compared to its average volume of 18,825,762. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market cap of $458.26 billion, a P/E ratio of 14.24, a PEG ratio of 4.03 and a beta of 0.96. The company has a fifty day simple moving average of $115.15 and a 200 day simple moving average of $106.95. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the business posted $2.83 EPS. The company's revenue was down 4.0% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil's payout ratio is presently 46.57%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. UBS Group boosted their target price on Exxon Mobil from $150.00 to $152.00 and gave the company a "buy" rating in a research note on Tuesday. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Redburn Atlantic upgraded shares of Exxon Mobil from a "neutral" rating to a "buy" rating and lifted their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Truist Financial increased their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Finally, Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.

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.

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