Exxon Mobil Co. (NYSE:XOM) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lowered its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 556,391 shares of the oil and gas company’s stock after selling 30,399 shares during the quarter. Exxon Mobil makes up about 1.3% of Pinnacle Financial Partners Inc’s holdings, making the stock its 14th largest position. Pinnacle Financial Partners Inc’s holdings in Exxon Mobil were worth $55,628,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sigma Investment Counselors Inc. lifted its position in shares of Exxon Mobil by 2.2% during the 4th quarter. Sigma Investment Counselors Inc. now owns 28,615 shares of the oil and gas company’s stock valued at $2,861,000 after acquiring an additional 617 shares during the period. Ascent Wealth Partners LLC lifted its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Ascent Wealth Partners LLC now owns 8,810 shares of the oil and gas company’s stock valued at $881,000 after acquiring an additional 105 shares during the period. Zimmermann Investment Management & Planning LLC lifted its position in shares of Exxon Mobil by 4.6% during the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 3,833 shares of the oil and gas company’s stock valued at $383,000 after acquiring an additional 170 shares during the period. Parsons Capital Management Inc. RI lifted its position in shares of Exxon Mobil by 5.9% during the 4th quarter. Parsons Capital Management Inc. RI now owns 244,967 shares of the oil and gas company’s stock valued at $24,492,000 after acquiring an additional 13,702 shares during the period. Finally, Retirement Guys Formula LLC lifted its position in shares of Exxon Mobil by 11.7% during the 4th quarter. Retirement Guys Formula LLC now owns 9,834 shares of the oil and gas company’s stock valued at $983,000 after acquiring an additional 1,027 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.1 %

XOM stock opened at $119.34 on Thursday. The company has a market cap of $473.52 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 4.28 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $107.34 and a 200-day simple moving average of $105.99. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.40 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is 42.74%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on XOM shares. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Mizuho raised their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. TD Cowen raised their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler dropped their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Finally, Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.47.

Read Our Latest Report on XOM

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.

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

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