Exxon Mobil Co. (NYSE:XOM) Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,231 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Phoenix Wealth Advisors’ holdings in Exxon Mobil were worth $331,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in Exxon Mobil during the first quarter worth about $27,000. IMA Wealth Inc. grew its holdings in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. grew its holdings in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $49,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

Shares of Exxon Mobil stock opened at $118.46 on Friday. The firm has a market cap of $468.90 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock has a 50-day simple moving average of $111.18 and a 200-day simple moving average of $106.30.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.40 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. Exxon Mobil’s dividend payout ratio is 42.74%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XOM shares. TD Cowen increased their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $132.28.

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.