Exxon Mobil Co. (NYSE:XOM) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 33.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,000 shares of the oil and gas company’s stock after selling 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Exxon Mobil were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in XOM. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at $91,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at $92,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $80,000. Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 792 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 525 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.6 %

Shares of NYSE XOM opened at $120.58 on Tuesday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market capitalization of $477.29 billion, a PE ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. 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 business has a 50-day moving average price of $111.89 and a two-hundred day moving average price of $106.31.

Exxon Mobil (NYSE:XOM) 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 return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same period last year, the business earned $3.40 EPS. The business’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen raised their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Mizuho reaffirmed a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.03% of the stock is owned by company insiders.

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.