Smith & Howard Wealth Management LLC Sells 21,804 Shares of Exxon Mobil Co. (NYSE:XOM)

Smith & Howard Wealth Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 70.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,305 shares of the oil and gas company’s stock after selling 21,804 shares during the period. Smith & Howard Wealth Management LLC’s holdings in Exxon Mobil were worth $1,001,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of Exxon Mobil by 8.7% during the third quarter. Fiera Capital Corp now owns 5,419 shares of the oil and gas company’s stock valued at $635,000 after acquiring an additional 433 shares during the period. United Bank lifted its stake in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after acquiring an additional 641 shares during the period. Rather & Kittrell Inc. lifted its stake in shares of Exxon Mobil by 2.4% during the third quarter. Rather & Kittrell Inc. now owns 7,169 shares of the oil and gas company’s stock valued at $840,000 after acquiring an additional 165 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in shares of Exxon Mobil by 7.8% during the third quarter. Lindbrook Capital LLC now owns 17,151 shares of the oil and gas company’s stock valued at $2,010,000 after acquiring an additional 1,245 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley upped their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’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 owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $111.85 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a 50 day moving average price of $109.17 and a two-hundred day moving average price of $113.85. The firm has a market capitalization of $485.33 billion, a P/E ratio of 14.27, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

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.