G&S Capital LLC Sells 17,138 Shares of Exxon Mobil Co. (NYSE:XOM)

G&S Capital LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 84.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,081 shares of the oil and gas company’s stock after selling 17,138 shares during the quarter. G&S Capital LLC’s holdings in Exxon Mobil were worth $308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Moneta Group Investment Advisors LLC increased its stake in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $5,226,390,000. Imprint Wealth LLC increased its stake in shares of Exxon Mobil by 9,115.2% during the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after buying an additional 11,181,673 shares during the period. Morgan Stanley increased its stake in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity

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 transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Trading Down 1.2 %

Shares of NYSE:XOM opened at $120.37 on Friday. The company has a market cap of $477.61 billion, a P/E ratio of 13.54, a PEG ratio of 4.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock’s fifty day moving average price is $109.87 and its 200-day moving average price is $106.22.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion for 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 company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.40 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.54 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. TD Cowen upped their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $131.44.

About Exxon Mobil

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.