Exxon Mobil Co. (NYSE:XOM) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,466 shares of the oil and gas company’s stock after selling 1,586 shares during the quarter. Exxon Mobil comprises about 1.4% of Wright Investors Service Inc.’s portfolio, making the stock its 15th biggest holding. Wright Investors Service Inc.’s holdings in Exxon Mobil were worth $5,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in Exxon Mobil in the first quarter valued at about $27,000. IMA Wealth Inc. lifted its position in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. lifted its position in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.90 on Friday. The firm has a market capitalization of $474.60 billion, a P/E ratio of 13.49, a P/E/G ratio of 4.07 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. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $111.55 and its two-hundred day moving average is $106.33.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.40 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.17%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Analyst Ratings Changes

Several analysts have recently issued reports on XOM shares. TD Cowen increased their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. 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 report on Friday, April 5th. UBS Group increased their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Mizuho restated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling at Exxon Mobil

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 transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

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.