Exxon Mobil Co. (NYSE:XOM) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 20.5% in the fourth quarter, HoldingsChannel reports. The firm owned 101,793 shares of the oil and gas company’s stock after selling 26,277 shares during the quarter. Advisors Asset Management Inc.’s holdings in Exxon Mobil were worth $10,950,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XOM. 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 note on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

NYSE:XOM opened at $113.79 on Tuesday. 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 fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock has a market cap of $493.74 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm’s fifty day simple moving average is $109.47 and its 200-day simple moving average is $113.60.

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 for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by insiders.

About Exxon Mobil

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.