Kowal Investment Group LLC Sells 1,026 Shares of Exxon Mobil Co. (NYSE:XOM)

Kowal Investment Group LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,973 shares of the oil and gas company’s stock after selling 1,026 shares during the period. Kowal Investment Group LLC’s holdings in Exxon Mobil were worth $997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its stake in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Norges Bank bought a new position in Exxon Mobil in the fourth quarter worth $5,226,390,000. Imprint Wealth LLC increased its holdings in Exxon Mobil by 9,115.2% in the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after buying an additional 11,181,673 shares during the period. Morgan Stanley raised its stake in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. TD Cowen raised their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Mizuho lifted their price objective on Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. UBS Group lowered their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.47.

View Our Latest Stock Report on XOM

Exxon Mobil Stock Up 0.6 %

Shares of NYSE:XOM opened at $116.95 on Tuesday. The company has a 50 day moving average of $106.11 and a 200-day moving average of $105.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The stock has a market cap of $464.04 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 4.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its 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 during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.40 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.25%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, 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 hyperlink. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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