Parthenon LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Parthenon LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 191,016 shares of the oil and gas company’s stock after selling 574 shares during the quarter. Exxon Mobil comprises 2.5% of Parthenon LLC’s investment portfolio, making the stock its 11th biggest position. Parthenon LLC’s holdings in Exxon Mobil were worth $20,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vertex Planning Partners LLC grew its stake in Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares in the last quarter. First Heartland Consultants Inc. grew its stake in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after acquiring an additional 87 shares in the last quarter. Latitude Advisors LLC grew its stake in Exxon Mobil by 0.7% in the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after acquiring an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC grew its stake in Exxon Mobil by 0.6% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 88 shares in the last quarter. Finally, West Oak Capital LLC grew its stake in Exxon Mobil by 0.6% in the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on XOM. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Down 1.2 %

XOM stock opened at $110.67 on Friday. The firm has a market cap of $480.20 billion, a PE ratio of 14.12, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s fifty day moving average is $108.60 and its 200 day moving average is $114.49. Exxon Mobil Co. has a one year low of $102.88 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business posted $2.48 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Exxon Mobil Company 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.