Regent Peak Wealth Advisors LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Regent Peak Wealth Advisors LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,729 shares of the oil and gas company’s stock after selling 99 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Exxon Mobil were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the second quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded up $1.72 during trading on Tuesday, reaching $109.46. 4,765,087 shares of the company traded hands, compared to its average volume of 11,712,998. The company has a market cap of $481.09 billion, a P/E ratio of 13.63, a PEG ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a fifty day simple moving average of $114.23 and a 200 day simple moving average of $115.83.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.74.

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.