Berkeley Capital Partners LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Berkeley Capital Partners LLC lessened its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,993 shares of the oil and gas company’s stock after selling 1,384 shares during the period. Exxon Mobil makes up 0.7% of Berkeley Capital Partners LLC’s investment portfolio, making the stock its 18th largest holding. Berkeley Capital Partners LLC’s holdings in Exxon Mobil were worth $2,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $5,519,753,000. Fisher Asset Management LLC increased its position in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after buying an additional 11,216,602 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 10,221.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after buying an additional 4,870,115 shares in the last quarter. FMR LLC grew its stake in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $295,515,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.8 %

NYSE XOM traded down $0.94 on Monday, hitting $118.70. 11,549,778 shares of the stock traded hands, compared to its average volume of 18,532,277. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $117.09 and a 200 day moving average of $107.57. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market capitalization of $468.04 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.83 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on XOM shares. UBS Group upped their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Truist Financial lifted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Mizuho upped their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Read Our Latest Report on Exxon Mobil

Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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