VisionPoint Advisory Group LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

VisionPoint Advisory Group LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,543 shares of the oil and gas company’s stock after selling 157 shares during the period. VisionPoint Advisory Group LLC’s holdings in Exxon Mobil were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC lifted its position in shares of Exxon Mobil by 13.7% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 6,228 shares of the oil and gas company’s stock worth $670,000 after purchasing an additional 749 shares in the last quarter. Bank of Stockton increased its stake in Exxon Mobil by 4.3% during the 4th quarter. Bank of Stockton now owns 23,277 shares of the oil and gas company’s stock worth $2,504,000 after buying an additional 957 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in Exxon Mobil by 1.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 222,861 shares of the oil and gas company’s stock worth $23,973,000 after buying an additional 2,637 shares in the last quarter. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $47,000. Finally, Paradigm Asset Management Co. LLC boosted its position in Exxon Mobil by 22.8% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 24,250 shares of the oil and gas company’s stock valued at $2,609,000 after buying an additional 4,500 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.4 %

Shares of XOM stock opened at $111.18 on Tuesday. Exxon Mobil Co. has a 1-year low of $103.05 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business’s fifty day moving average price is $108.65 and its 200 day moving average price is $114.44. The firm has a market capitalization of $482.42 billion, a PE ratio of 14.18, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted $2.48 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

Several analysts have recently issued reports on XOM shares. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank lowered their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

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.