Pitcairn Co. Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Pitcairn Co. reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,792 shares of the oil and gas company’s stock after selling 1,989 shares during the period. Pitcairn Co.’s holdings in Exxon Mobil were worth $5,141,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Grant Private Wealth Management Inc bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $461,000. Selway Asset Management bought a new stake in Exxon Mobil in the 4th quarter worth approximately $325,000. Arete Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 22.9% during the 4th quarter. Arete Wealth Advisors LLC now owns 68,246 shares of the oil and gas company’s stock worth $7,342,000 after acquiring an additional 12,694 shares in the last quarter. World Investment Advisors boosted its position in shares of Exxon Mobil by 19.6% during the 4th quarter. World Investment Advisors now owns 148,604 shares of the oil and gas company’s stock valued at $15,985,000 after acquiring an additional 24,319 shares during the last quarter. Finally, Martin Worley Group purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $497,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XOM shares. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Barclays cut their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.05.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Down 0.2 %

Shares of Exxon Mobil stock opened at $118.84 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $515.66 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 3.02 and a beta of 0.60. The firm’s 50-day moving average is $111.20 and its two-hundred day moving average is $113.89. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 quarter in the previous year, the business earned $2.48 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Exxon Mobil Company 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.