Exxon Mobil Co. (NYSE:XOM) Shares Sold by Von Berge Wealth Management Group LLC

Von Berge Wealth Management Group LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,170 shares of the oil and gas company’s stock after selling 994 shares during the quarter. Exxon Mobil comprises 0.9% of Von Berge Wealth Management Group LLC’s portfolio, making the stock its 25th largest position. Von Berge Wealth Management Group LLC’s holdings in Exxon Mobil were worth $1,443,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. grew its stake in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares during the period. Franklin Resources Inc. increased its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Exxon Mobil by 13,899.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 1,875,320 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after acquiring an additional 1,776,848 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $107.55 on Wednesday. The firm has a market cap of $466.67 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company’s 50-day moving average price is $109.00 and its 200 day moving average price is $114.04. Exxon Mobil Co. has a fifty-two week low of $104.32 and a fifty-two week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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 last year, the business posted $2.48 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In other 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 value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on XOM shares. Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.