Insigneo Advisory Services LLC Sells 7,549 Shares of Exxon Mobil Co. (NYSE:XOM)

Insigneo Advisory Services LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,355 shares of the oil and gas company’s stock after selling 7,549 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Exxon Mobil were worth $4,233,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock worth $3,427,237,000 after buying an additional 700,415 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on XOM shares. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $126.75.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $103.08 on Wednesday. The company has a 50-day moving average price of $110.10 and a two-hundred day moving average price of $113.03. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month 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 firm has a market capitalization of $445.85 billion, a PE ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 in the previous year, the business earned $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil’s payout ratio is 50.51%.

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.