Exxon Mobil Co. (NYSE:XOM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 723,647 shares of the oil and gas company’s stock after selling 115,208 shares during the period. Janus Henderson Group PLC’s holdings in Exxon Mobil were worth $84,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the first quarter worth $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the first quarter worth about $34,000. Partnership Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $50,000. Finally, ESL Trust Services LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of XOM stock traded up $1.03 during trading on Wednesday, reaching $119.20. The company’s stock had a trading volume of 3,175,682 shares, compared to its average volume of 17,420,566. The company has a market capitalization of $470.01 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 4.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock’s 50-day moving average price is $113.82 and its 200 day moving average price is $111.86.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. UBS Group increased their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Barclays reduced their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Truist Financial cut their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.78.

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.