Exxon Mobil Co. (NYSE:XOM) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,381,098 shares of the oil and gas company’s stock after selling 216,448 shares during the period. Exxon Mobil makes up 0.7% of Clearbridge Investments LLC’s holdings, making the stock its 29th largest holding. Clearbridge Investments LLC’s holdings in Exxon Mobil were worth $816,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Inkwell Capital LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $3,204,000. Walled Lake Planning & Wealth Management LLC increased its stake in shares of Exxon Mobil by 85.2% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,485 shares of the oil and gas company’s stock valued at $698,000 after acquiring an additional 2,984 shares during the last quarter. United Bank boosted its position in shares of Exxon Mobil by 11.0% in the fourth quarter. United Bank now owns 19,888 shares of the oil and gas company’s stock worth $2,139,000 after acquiring an additional 1,968 shares during the last quarter. Life Planning Partners Inc acquired a new position in Exxon Mobil during the fourth quarter worth approximately $13,457,000. Finally, American Money Management LLC boosted its holdings in shares of Exxon Mobil by 51.9% in the 4th quarter. American Money Management LLC now owns 4,369 shares of the oil and gas company’s stock valued at $470,000 after purchasing an additional 1,493 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.2 %

Shares of NYSE XOM opened at $117.66 on Friday. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The company has a market cap of $510.53 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $110.73 and its 200 day simple moving average is $113.71.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm earned $2.48 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.05.

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.