Osborne Partners Capital Management LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Osborne Partners Capital Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,608 shares of the oil and gas company’s stock after selling 1,248 shares during the period. Osborne Partners Capital Management LLC’s holdings in Exxon Mobil were worth $10,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its stake in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter worth approximately $5,226,390,000. Imprint Wealth LLC lifted its stake in Exxon Mobil by 9,115.2% in the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after purchasing an additional 11,181,673 shares in the last quarter. Morgan Stanley raised its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the period. Finally, FMR LLC raised its position in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after buying an additional 4,162,149 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. JPMorgan Chase & Co. dropped their target price 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. 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 decreased their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Piper Sandler reduced their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Finally, Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.47.

Check Out Our Latest Analysis on Exxon Mobil

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $119.32 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market cap of $473.44 billion, a P/E ratio of 13.42, a P/E/G ratio of 4.26 and a beta of 0.96. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The firm’s 50 day moving average is $106.51 and its two-hundred day moving average is $105.88.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter last year, the firm posted $3.40 earnings per share. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Exxon Mobil Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.