Beech Hill Advisors Inc. Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Beech Hill Advisors Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,227 shares of the oil and gas company’s stock after selling 100 shares during the period. Beech Hill Advisors Inc.’s holdings in Exxon Mobil were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil during the third quarter valued at about $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of XOM opened at $112.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The business has a fifty day moving average of $112.73 and a 200 day moving average of $115.52.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the company earned $2.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. UBS Group cut their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.