Earnest Partners LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Earnest Partners LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 21,262 shares of the oil and gas company’s stock after selling 492 shares during the quarter. Earnest Partners LLC’s holdings in Exxon Mobil were worth $2,287,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rockline Wealth Management LLC lifted its position in Exxon Mobil by 6.1% during the fourth 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 lifted its position in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after acquiring an additional 493 shares during the last quarter. Helen Stephens Group LLC lifted its position in Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares during the last quarter. Hartford Funds Management Co LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $543,000. Finally, Virtus Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $286,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial increased their target price 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. Mizuho decreased their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.50.

Exxon Mobil Stock Up 0.1 %

NYSE:XOM opened at $108.64 on Tuesday. The firm has a market capitalization of $469.90 billion, a P/E ratio of 13.86, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company’s fifty day moving average price is $109.72 and its 200-day moving average price is $112.02. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 quarter last year, the business posted $2.48 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given 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 3.65%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.