Keeler Thomas Management LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Keeler Thomas Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 44,411 shares of the oil and gas company’s stock after selling 1,952 shares during the period. Keeler Thomas Management LLC’s holdings in Exxon Mobil were worth $4,779,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $47,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth $51,000. Finally, Compass Financial Services Inc acquired a new stake in Exxon Mobil during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on XOM shares. Morgan Stanley increased their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Piper Sandler lowered their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Up 0.6 %

Shares of NYSE:XOM opened at $110.06 on Friday. The business’s 50 day moving average price is $108.84 and its 200-day moving average price is $114.31. Exxon Mobil Co. has a 1 year low of $104.00 and a 1 year high of $126.34. The firm has a market capitalization of $477.58 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Exxon Mobil Company 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.