Sierra Capital LLC Sells 3,151 Shares of Exxon Mobil Co. (NYSE:XOM)

Sierra Capital LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 14.2% in the 4th quarter, Holdings Channel reports. The firm owned 19,062 shares of the oil and gas company’s stock after selling 3,151 shares during the quarter. Sierra Capital LLC’s holdings in Exxon Mobil were worth $2,051,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $48,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter valued at $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Up 0.6 %

Shares of NYSE XOM opened at $110.06 on Friday. 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 stock has a market capitalization of $477.58 billion, a PE ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $104.00 and a one year high of $126.34. The business’s fifty day moving average price is $108.84 and its 200-day moving average price is $114.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 in the previous year, the company earned $2.48 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 dividend on an annualized basis and a yield of 3.60%. Exxon Mobil’s dividend payout ratio 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.