CFO4Life Group LLC Sells 800 Shares of Exxon Mobil Co. (NYSE:XOM)

CFO4Life Group LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.4% during the first quarter, Holdings Channel.com reports. The fund owned 22,890 shares of the oil and gas company’s stock after selling 800 shares during the quarter. CFO4Life Group LLC’s holdings in Exxon Mobil were worth $2,661,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after acquiring an additional 1,269,495 shares during the period. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at about $5,519,753,000. Capital International Investors increased its holdings in 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 buying an additional 4,084,458 shares during the period. Capital Research Global Investors increased its holdings in Exxon Mobil by 6.0% in the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after buying an additional 1,037,226 shares during the period. Finally, Putnam Investments LLC increased its holdings in Exxon Mobil by 16.7% in the 4th quarter. Putnam Investments LLC now owns 13,301,039 shares of the oil and gas company’s stock valued at $1,329,838,000 after buying an additional 1,901,075 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on XOM shares. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Scotiabank raised their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Barclays reduced their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.41.

Exxon Mobil Trading Down 0.0 %

Shares of NYSE XOM traded down $0.04 during midday trading on Friday, reaching $113.21. The stock had a trading volume of 4,684,462 shares, compared to its average volume of 17,862,623. The firm has a market cap of $446.39 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company’s 50 day moving average price is $114.22 and its 200 day moving average price is $110.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.83 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.02 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on 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 sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company 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.