Empirical Finance LLC Sells 6,116 Shares of Exxon Mobil Co. (NYSE:XOM)

Empirical Finance LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,720 shares of the oil and gas company’s stock after selling 6,116 shares during the period. Exxon Mobil accounts for about 1.0% of Empirical Finance LLC’s investment portfolio, making the stock its 14th biggest holding. Empirical Finance LLC’s holdings in Exxon Mobil were worth $16,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter worth $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter worth $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $63,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.7 %

NYSE XOM opened at $111.71 on Wednesday. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $109.28 and a 200-day moving average of $114.92. The company has a market cap of $490.98 billion, a PE ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.