Exxon Mobil Co. (NYSE:XOM) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,997 shares of the oil and gas company’s stock after selling 4,400 shares during the period. Oxbow Advisors LLC’s holdings in Exxon Mobil were worth $4,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. FMR LLC grew its holdings in shares of Exxon Mobil by 14.9% during the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after buying an additional 17,521,080 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after buying an additional 560,517 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after buying an additional 3,131,617 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 10.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,436,069 shares of the oil and gas company’s stock worth $1,750,145,000 after buying an additional 2,016,377 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Exxon Mobil by 6.7% during the second quarter. UBS Asset Management Americas Inc. now owns 13,564,255 shares of the oil and gas company’s stock worth $1,161,643,000 after buying an additional 849,804 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $110.47, for a total value of $276,175.00. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $2,801,850.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XOM. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Exane BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a research report on Tuesday, November 1st. StockNews.com upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating in a report on Monday, January 16th. Truist Financial boosted their price objective on shares of Exxon Mobil from $111.00 to $114.00 in a research note on Monday, October 31st. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.35.

Exxon Mobil Stock Performance

XOM opened at $112.76 on Tuesday. The firm has a market capitalization of $464.38 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The stock’s 50 day moving average price is $109.55 and its two-hundred day moving average price is $101.01. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 12-month low of $69.81 and a 12-month high of $114.66.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same quarter last year, the company posted $1.58 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were paid a dividend of $0.91 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 annualized dividend and a yield of 3.23%. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.71%.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.