Exxon Mobil Co. (NYSE:XOM) Holdings Lowered by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,433,955 shares of the oil and gas company’s stock after selling 56,000 shares during the period. Exxon Mobil makes up approximately 24.4% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its biggest position. Adams Natural Resources Fund Inc.’s holdings in Exxon Mobil were worth $154,251,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after acquiring an additional 521,932 shares during the last quarter. United Bank increased its holdings in Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Exxon Mobil by 8.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 52,191 shares of the oil and gas company’s stock valued at $6,118,000 after purchasing an additional 3,977 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Exxon Mobil by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company’s stock worth $39,306,000 after buying an additional 13,215 shares during the period. Finally, Eagle Asset Management Inc. grew its position in shares of Exxon Mobil by 3.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company’s stock worth $7,446,000 after buying an additional 1,935 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $115.30 on Friday. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The firm has a market capitalization of $500.29 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. 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 firm has a 50 day moving average of $110.09 and a 200 day moving average of $113.58.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $2.48 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil’s payout ratio is 50.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Barclays cut their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.15.

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.