CarsonAllaria Wealth Management Ltd. Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

CarsonAllaria Wealth Management Ltd. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,499 shares of the oil and gas company’s stock after selling 350 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Exxon Mobil were worth $269,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Avitas Wealth Management LLC lifted its holdings in Exxon Mobil by 0.4% during the fourth quarter. Avitas Wealth Management LLC now owns 55,615 shares of the oil and gas company’s stock worth $5,983,000 after acquiring an additional 203 shares during the period. Ninety One UK Ltd increased its position in shares of Exxon Mobil by 10.4% during the 4th quarter. Ninety One UK Ltd now owns 2,991,131 shares of the oil and gas company’s stock valued at $321,756,000 after purchasing an additional 281,925 shares during the last quarter. RFG Holdings Inc. raised its stake in shares of Exxon Mobil by 0.8% during the 4th quarter. RFG Holdings Inc. now owns 13,180 shares of the oil and gas company’s stock worth $1,418,000 after purchasing an additional 102 shares during the period. James J. Burns & Company LLC boosted its holdings in shares of Exxon Mobil by 186.4% in the 4th quarter. James J. Burns & Company LLC now owns 35,042 shares of the oil and gas company’s stock worth $3,770,000 after buying an additional 22,808 shares during the last quarter. Finally, Mather Group LLC. grew its position in Exxon Mobil by 6.4% during the fourth quarter. Mather Group LLC. now owns 93,974 shares of the oil and gas company’s stock valued at $10,109,000 after buying an additional 5,681 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $108.87 on Friday. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. The stock has a fifty day moving average of $109.59 and a 200 day moving average of $115.00. 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 firm has a market capitalization of $478.49 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 business posted $2.48 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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 dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. Exxon Mobil’s dividend payout ratio is 50.51%.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

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.