Bryn Mawr Capital Management LLC Sells 102,355 Shares of Exxon Mobil Co. (NYSE:XOM)

Bryn Mawr Capital Management LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 75.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,517 shares of the oil and gas company’s stock after selling 102,355 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Exxon Mobil were worth $3,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $48,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $54,000. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.67 on Friday. The stock has a market cap of $480.20 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $108.60 and its 200-day moving average is $114.49. Exxon Mobil Co. has a 1-year low of $102.88 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XOM. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

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.