Exxon Mobil Co. (NYSE:XOM) Shares Sold by Alhambra Investment Management LLC

Alhambra Investment Management LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,743 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Alhambra Investment Management LLC’s holdings in Exxon Mobil were worth $510,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Verity & Verity LLC raised its stake in shares of Exxon Mobil by 8.7% in the 4th quarter. Verity & Verity LLC now owns 157,519 shares of the oil and gas company’s stock valued at $16,944,000 after purchasing an additional 12,667 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Exxon Mobil by 5.5% in the 4th quarter. Integrated Investment Consultants LLC now owns 270,188 shares of the oil and gas company’s stock valued at $29,064,000 after purchasing an additional 14,150 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Exxon Mobil by 4.1% during the 4th quarter. Arkadios Wealth Advisors now owns 101,943 shares of the oil and gas company’s stock valued at $10,966,000 after buying an additional 3,983 shares during the last quarter. Spring Capital Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $1,957,000. Finally, Trust Co of Kansas grew its position in shares of Exxon Mobil by 0.6% during the 4th quarter. Trust Co of Kansas now owns 72,870 shares of the oil and gas company’s stock valued at $7,839,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Truist Financial boosted 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. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 0.9 %

Exxon Mobil stock opened at $112.37 on Monday. The firm has a 50 day simple moving average of $112.56 and a 200-day simple moving average of $115.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

About Exxon Mobil

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.