Abbrea Capital LLC Sells 446 Shares of Exxon Mobil Co. (NYSE:XOM)

Abbrea Capital LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,143 shares of the oil and gas company’s stock after selling 446 shares during the period. Abbrea Capital LLC’s holdings in Exxon Mobil were worth $4,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. International Assets Investment Management LLC grew its position 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 worth $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. FMR LLC grew its position in shares of 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 buying an additional 4,162,149 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $295,515,000. Canada Pension Plan Investment Board grew its position in shares of Exxon Mobil by 21,620,510.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock valued at $254,215,000 after buying an additional 2,162,051 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Exxon Mobil by 650.5% in the 4th quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock valued at $186,452,000 after buying an additional 1,616,417 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Truist Financial upped their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company lifted their target price on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, Mizuho reiterated a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Down 2.8 %

Shares of Exxon Mobil stock traded down $3.37 during trading hours on Friday, reaching $117.96. The company’s stock had a trading volume of 26,679,563 shares, compared to its average volume of 18,207,330. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a market capitalization of $466.92 billion, a P/E ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96. The stock’s fifty day simple moving average is $113.04 and its two-hundred day simple moving average is $106.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the business posted $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

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.