Exxon Mobil Co. (NYSE:XOM) Shares Sold by Steph & Co.

Steph & Co. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the fourth quarter, Holdings Channel reports. The fund owned 5,275 shares of the oil and gas company’s stock after selling 95 shares during the period. Steph & Co.’s holdings in Exxon Mobil were worth $567,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth about $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on XOM. Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $111.32 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market capitalization of $489.27 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business’s 50-day moving average is $112.93 and its two-hundred day moving average is $115.55.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

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.