Bard Financial Services Inc. Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Bard Financial Services Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,150 shares of the oil and gas company's stock after selling 16,615 shares during the quarter. Exxon Mobil makes up about 1.2% of Bard Financial Services Inc.'s portfolio, making the stock its 21st biggest holding. Bard Financial Services Inc.'s holdings in Exxon Mobil were worth $9,981,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XOM. Passumpsic Savings Bank raised its stake in shares of Exxon Mobil by 50.5% during the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after buying an additional 1,214 shares in the last quarter. McIlrath & Eck LLC increased its stake in Exxon Mobil by 7.4% during the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock worth $657,000 after buying an additional 387 shares during the period. Second Line Capital LLC grew its position in shares of Exxon Mobil by 15.3% in the 3rd quarter. Second Line Capital LLC now owns 50,448 shares of the oil and gas company's stock worth $5,913,000 after acquiring an additional 6,693 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Exxon Mobil by 0.5% in the 3rd quarter. Hohimer Wealth Management LLC now owns 43,944 shares of the oil and gas company's stock worth $5,151,000 after acquiring an additional 216 shares during the period. Finally, Soltis Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 149.9% during the third quarter. Soltis Investment Advisors LLC now owns 69,525 shares of the oil and gas company's stock valued at $8,150,000 after buying an additional 41,708 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. Truist Financial lowered their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. TD Cowen boosted their price target on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Royal Bank of Canada decreased their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 26th. Finally, Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Trading Down 0.7 %

Shares of NYSE:XOM traded down $0.78 during midday trading on Wednesday, hitting $111.89. 32,388,746 shares of the stock traded hands, compared to its average volume of 16,319,123. The stock has a market capitalization of $491.77 billion, a PE ratio of 13.91, a P/E/G ratio of 4.74 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $119.53 and its two-hundred day moving average is $116.46. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. 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 3.54%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is presently 49.32%.

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.