Exxon Mobil Co. (NYSE:XOM) Shares Sold by Charter Research & Investment Group Inc.

Charter Research & Investment Group Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,234 shares of the oil and gas company’s stock after selling 779 shares during the period. Exxon Mobil makes up approximately 2.6% of Charter Research & Investment Group Inc.’s investment portfolio, making the stock its 11th biggest holding. Charter Research & Investment Group Inc.’s holdings in Exxon Mobil were worth $3,467,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XOM. Rockline Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Renasant Bank grew its position in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares during the period. Helen Stephens Group LLC raised its stake in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares during the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Exxon Mobil by 41.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after buying an additional 22,296 shares during the period. Finally, Merewether Investment Management LP grew its holdings in Exxon Mobil by 3.2% during the third quarter. Merewether Investment Management LP now owns 307,243 shares of the oil and gas company’s stock worth $36,015,000 after acquiring an additional 9,600 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.2 %

Shares of XOM opened at $117.66 on Friday. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $110.73 and a two-hundred day simple moving average of $113.71. The company has a market capitalization of $510.53 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.37%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Truist Financial upped 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. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.05.

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 dated 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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.