Dakota Wealth Management Sells 45,490 Shares of Exxon Mobil Co. (NYSE:XOM)

Dakota Wealth Management lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,272 shares of the oil and gas company’s stock after selling 45,490 shares during the quarter. Exxon Mobil comprises about 0.8% of Dakota Wealth Management’s investment portfolio, making the stock its 24th largest holding. Dakota Wealth Management’s holdings in Exxon Mobil were worth $20,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Assenagon Asset Management S.A. increased its holdings in shares of Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after acquiring an additional 575,649 shares in the last quarter. Qsemble Capital Management LP increased its holdings in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after acquiring an additional 1,200 shares in the last quarter. RNC Capital Management LLC increased its holdings in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after acquiring an additional 4,585 shares in the last quarter. Meyer Handelman Co. boosted its position in shares of Exxon Mobil by 5.9% during the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock worth $45,971,000 after buying an additional 21,895 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 9.6% during the fourth quarter. Stratos Wealth Advisors LLC now owns 57,712 shares of the oil and gas company’s stock worth $5,770,000 after buying an additional 5,043 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XOM shares. Wells Fargo & Company upped their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. TD Cowen upped their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Truist Financial upped their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. UBS Group upped their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Stock Performance

XOM opened at $118.69 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $469.81 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.15 and a beta of 0.96. The business has a 50 day moving average of $110.57 and a 200-day moving average of $106.13. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the firm posted $3.40 earnings per share. The business’s revenue was down 11.6% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9.61 earnings per share 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. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred 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 owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.