Pzena Investment Management LLC Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Pzena Investment Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 33.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 596,980 shares of the oil and gas company's stock after selling 305,669 shares during the quarter. Pzena Investment Management LLC's holdings in Exxon Mobil were worth $59,686,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. boosted its stake in Exxon Mobil by 79.0% during the 3rd quarter. Guardian Wealth Management Inc. now owns 1,040 shares of the oil and gas company's stock valued at $122,000 after purchasing an additional 459 shares in the last quarter. Money Concepts Capital Corp raised its holdings in shares of Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company's stock worth $367,000 after purchasing an additional 95 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its stake in Exxon Mobil by 1,873.3% during the third quarter. Mizuho Securities Co. Ltd. now owns 2,960 shares of the oil and gas company's stock valued at $348,000 after purchasing an additional 2,810 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Exxon Mobil during the third quarter worth approximately $694,000. Finally, 180 Wealth Advisors LLC grew its position in Exxon Mobil by 1.1% in the third quarter. 180 Wealth Advisors LLC now owns 50,905 shares of the oil and gas company's stock worth $5,985,000 after buying an additional 533 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Truist Financial boosted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, May 13th. Finally, TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $135.00.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $2.42 during trading on Wednesday, reaching $115.43. The company had a trading volume of 17,868,738 shares, compared to its average volume of 18,484,779. The company has a market capitalization of $455.14 billion, a PE ratio of 14.15, a PEG ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm's 50 day simple moving average is $117.59 and its two-hundred day simple moving average is $107.76. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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). The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.29%. Exxon Mobil's dividend payout ratio is presently 46.57%.

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.