Exxon Mobil Co. (NYSE:XOM) Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,664 shares of the oil and gas company’s stock after selling 1,248 shares during the period. MMA Asset Management LLC’s holdings in Exxon Mobil were worth $287,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XOM. Greenwich Wealth Management LLC boosted its stake in shares of Exxon Mobil by 1.3% during the third quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock worth $1,517,000 after buying an additional 165 shares during the period. Sollinda Capital Management LLC lifted its position in Exxon Mobil by 10.9% in the third quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock valued at $453,000 after purchasing an additional 380 shares during the period. Argonautica Private Wealth Management Inc. lifted its position in Exxon Mobil by 1.1% in the third quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock valued at $2,724,000 after purchasing an additional 259 shares during the period. Princeton Global Asset Management LLC lifted its position in Exxon Mobil by 5.6% in the third quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock valued at $1,747,000 after purchasing an additional 788 shares during the period. Finally, Clear Creek Financial Management LLC lifted its position in Exxon Mobil by 5.0% in the third quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock valued at $1,119,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on XOM. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Truist Financial raised their price objective 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. Piper Sandler reduced 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 report on Thursday, December 19th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Down 3.3 %

Shares of XOM opened at $107.69 on Tuesday. 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 firm has a 50 day simple moving average of $108.98 and a 200-day simple moving average of $114.12. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The stock has a market cap of $467.28 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm earned $2.48 EPS. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.68%. Exxon Mobil’s payout ratio is currently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil 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.