Patriot Investment Management Group Inc. Sells 1,287 Shares of Exxon Mobil Co. (NYSE:XOM)

Patriot Investment Management Group Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,065 shares of the oil and gas company’s stock after selling 1,287 shares during the period. Patriot Investment Management Group Inc.’s holdings in Exxon Mobil were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Assenagon Asset Management S.A. boosted its position in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after acquiring an additional 575,649 shares during the last quarter. Qsemble Capital Management LP grew its position in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 1,200 shares in the last quarter. Meyer Handelman Co. lifted its position in Exxon Mobil by 5.9% during the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock worth $45,971,000 after buying an additional 21,895 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in shares of Exxon Mobil by 36.0% during the 3rd quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock worth $10,276,000 after buying an additional 23,148 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Exxon Mobil by 41.3% during the 3rd quarter. HB Wealth Management LLC now owns 160,807 shares of the oil and gas company’s stock worth $18,908,000 after acquiring an additional 46,987 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group reduced their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Piper Sandler decreased their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Finally, Mizuho upped their price objective on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Exxon Mobil Trading Up 1.1 %

NYSE XOM opened at $115.05 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $456.50 billion, a P/E ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. The business has a fifty day simple moving average of $104.98 and a 200 day simple moving average of $105.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period in the previous year, the company posted $3.40 earnings per share. The business’s revenue was down 11.6% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

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.