Exxon Mobil Co. (NYSE:XOM) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,518 shares of the oil and gas company's stock after selling 10,334 shares during the quarter. Exxon Mobil comprises 0.8% of Essex Investment Management Co. LLC's portfolio, making the stock its 29th largest position. Essex Investment Management Co. LLC's holdings in Exxon Mobil were worth $4,151,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC increased its holdings in shares of Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company's stock valued at $205,000 after purchasing an additional 199 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Exxon Mobil by 83.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company's stock worth $149,213,000 after buying an additional 575,649 shares in the last quarter. Qsemble Capital Management LP boosted its stake in Exxon Mobil by 34.3% during the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company's stock valued at $553,000 after buying an additional 1,200 shares in the last quarter. RNC Capital Management LLC grew its holdings in Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock worth $8,791,000 after acquiring an additional 4,585 shares during the period. Finally, Dupree Financial Group LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $378,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Stock Performance

XOM traded down $0.48 on Friday, hitting $117.96. 13,648,130 shares of the stock traded hands, compared to its average volume of 20,405,034. The business has a fifty day moving average price of $115.90 and a two-hundred day moving average price of $107.15. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $465.12 billion, a PE ratio of 14.46, a P/E/G ratio of 4.11 and a beta of 0.96. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 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 firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the business earned $2.83 earnings per share. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil's payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XOM. Royal Bank of Canada reissued a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. Mizuho reaffirmed a "neutral" rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. UBS Group boosted their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a "buy" rating in a report on Tuesday, May 7th. Finally, Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. Eight research 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $134.18.

Exxon Mobil Company 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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