Exxon Mobil Co. (NYSE:XOM) Shares Sold by Syverson Strege & Co

Syverson Strege & Co reduced its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,741 shares of the oil and gas company’s stock after selling 204 shares during the quarter. Syverson Strege & Co’s holdings in Exxon Mobil were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Exxon Mobil during the 4th quarter worth $5,519,753,000. Fisher Asset Management LLC increased its position in Exxon Mobil by 566.2% in the 4th 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 acquiring an additional 11,216,602 shares during the period. International Assets Investment Management LLC raised its stake in Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. FMR LLC lifted its position in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after acquiring an additional 4,162,149 shares during the period. Finally, Capital International Investors grew its stake in shares of Exxon Mobil by 22.8% in the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after purchasing an additional 4,084,458 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Read Our Latest Stock Report on Exxon Mobil

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’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 of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM traded down $1.25 during trading on Wednesday, reaching $110.93. 13,603,863 shares of the stock were exchanged, compared to its average volume of 18,154,232. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $437.38 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 3.94 and a beta of 0.92. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The business’s 50 day moving average price is $117.44 and its two-hundred day moving average price is $108.74.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data 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 analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.83 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

About Exxon Mobil

(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.

See Also

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

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