Exxon Mobil Co. (NYSE:XOM) Shares Sold by SouthState Corp

SouthState Corp reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,410 shares of the oil and gas company’s stock after selling 570 shares during the period. SouthState Corp’s holdings in Exxon Mobil were worth $6,640,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Smart Money Group LLC lifted its stake in Exxon Mobil by 6.0% in the fourth quarter. Smart Money Group LLC now owns 4,565 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 258 shares during the last quarter. Aveo Capital Partners LLC lifted its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after purchasing an additional 984 shares during the last quarter. Intelligence Driven Advisers LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $242,000. Beacon Harbor Wealth Advisors Inc. increased its holdings in Exxon Mobil by 2.3% in the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 55,749 shares of the oil and gas company’s stock valued at $5,574,000 after buying an additional 1,265 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Exxon Mobil by 5.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,505,021 shares of the oil and gas company’s stock valued at $250,452,000 after buying an additional 118,387 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on 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 approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. UBS Group increased their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. HSBC upped their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Mizuho reiterated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.06.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.21 during trading on Friday, reaching $116.03. The company had a trading volume of 28,021,338 shares, compared to its average volume of 18,548,303. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock’s fifty day moving average price is $114.41 and its 200 day moving average price is $106.92. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market capitalization of $457.51 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the firm posted $2.83 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.6 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.