Aberdeen Group plc Trims Stock Holdings in Exxon Mobil Corporation $XOM

Aberdeen Group plc lowered its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,748,856 shares of the oil and gas company’s stock after selling 46,529 shares during the quarter. Aberdeen Group plc’s holdings in Exxon Mobil were worth $210,457,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in XOM. Westfuller Advisors LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $30,000. Clayton Financial Group LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $40,000. TruNorth Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the last quarter. Finally, Marquette Asset Management LLC increased its stake in shares of Exxon Mobil by 307.0% in the third quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 307 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. BMO Capital Markets restated a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Sanford C. Bernstein cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Mizuho lifted their price objective on Exxon Mobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Bank of America boosted their price objective on Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, Piper Sandler upped their target price on Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $152.39.

Read Our Latest Stock Analysis on Exxon Mobil

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 11,460 shares of company stock valued at $1,687,854. Corporate insiders own 0.03% of the company’s stock.

Trending Headlines about Exxon Mobil

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Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $160.63 on Friday. The company has a market capitalization of $669.31 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 1.11 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company’s fifty day moving average price is $152.53 and its 200 day moving average price is $129.95. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $176.41.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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