Flputnam Investment Management Co. Has $8.12 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Flputnam Investment Management Co. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,181 shares of the oil and gas company’s stock after selling 6,214 shares during the period. Flputnam Investment Management Co.’s holdings in Exxon Mobil were worth $8,116,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of XOM. Private Client Services LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $945,000. Keel Point LLC lifted its position in shares of Exxon Mobil by 1.9% in the fourth quarter. Keel Point LLC now owns 11,763 shares of the oil and gas company’s stock valued at $1,176,000 after buying an additional 220 shares during the last quarter. Bourgeon Capital Management LLC lifted its position in shares of Exxon Mobil by 15.2% in the fourth quarter. Bourgeon Capital Management LLC now owns 18,145 shares of the oil and gas company’s stock valued at $1,814,000 after buying an additional 2,400 shares during the last quarter. Sentry Investment Management LLC lifted its position in shares of Exxon Mobil by 0.9% in the fourth quarter. Sentry Investment Management LLC now owns 23,447 shares of the oil and gas company’s stock valued at $2,344,000 after buying an additional 200 shares during the last quarter. Finally, Sippican Capital Advisors lifted its position in shares of Exxon Mobil by 15.3% in the fourth quarter. Sippican Capital Advisors now owns 16,170 shares of the oil and gas company’s stock valued at $1,617,000 after buying an additional 2,150 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler lowered their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Truist Financial increased their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. UBS Group increased their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Down 0.1 %

Shares of XOM opened at $118.63 on Thursday. The company has a market capitalization of $469.57 billion, a PE ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock’s 50-day moving average price is $110.89 and its two-hundred day moving average price is $106.22. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the business earned $3.40 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.