ExxonMobil Corporation $XOM Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR reduced its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 25.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 132,825 shares of the oil and gas company’s stock after selling 44,331 shares during the period. Generali Asset Management SPA SGR’s holdings in ExxonMobil were worth $15,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Luken Investment Analytics LLC grew its position in ExxonMobil by 57.6% during the 4th quarter. Luken Investment Analytics LLC now owns 990 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 362 shares during the period. FSB Premier Wealth Management Inc. grew its position in ExxonMobil by 2.5% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 31,236 shares of the oil and gas company’s stock worth $3,759,000 after purchasing an additional 771 shares during the period. MGO One Seven LLC grew its position in ExxonMobil by 7.8% during the 4th quarter. MGO One Seven LLC now owns 156,729 shares of the oil and gas company’s stock worth $18,861,000 after purchasing an additional 11,286 shares during the period. Detalus Advisors LLC grew its position in ExxonMobil by 4.2% during the 4th quarter. Detalus Advisors LLC now owns 4,576 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 183 shares during the period. Finally, Kassira Wealth Management LLC grew its position in ExxonMobil by 2.4% during the 4th quarter. Kassira Wealth Management LLC now owns 37,943 shares of the oil and gas company’s stock worth $4,566,000 after purchasing an additional 874 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Loop Capital set a $123.00 price target on ExxonMobil in a research report on Tuesday, February 3rd. TD Cowen dropped their target price on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Jefferies Financial Group raised their target price on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $161.70.

View Our Latest Stock Report on XOM

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 6,460 shares of company stock valued at $989,104. Company insiders own 0.03% of the company’s stock.

Trending Headlines about ExxonMobil

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ExxonMobil Price Performance

NYSE:XOM opened at $146.47 on Friday. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $607.11 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 0.65 and a beta of 0.19. The stock’s 50-day moving average price is $155.04 and its 200-day moving average price is $136.06.

ExxonMobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period last year, the firm earned $1.76 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts expect that ExxonMobil Corporation will post 11.44 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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