SouthState Corp Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

SouthState Corp cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,142 shares of the oil and gas company’s stock after selling 1,271 shares during the period. SouthState Corp’s holdings in Exxon Mobil were worth $7,115,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the 4th quarter worth $47,000. Finally, Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the 3rd quarter worth $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 3.0 %

NYSE:XOM opened at $111.98 on Monday. The company has a market cap of $485.90 billion, a PE ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83. The business’s 50 day moving average is $109.34 and its two-hundred day moving average is $113.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the business earned $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.