Diversify Advisory Services LLC Sells 8,419 Shares of Exxon Mobil Co. (NYSE:XOM)

Diversify Advisory Services LLC cut its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,403 shares of the oil and gas company's stock after selling 8,419 shares during the quarter. Diversify Advisory Services LLC's holdings in Exxon Mobil were worth $3,559,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the second quarter worth about $46,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil during the third quarter worth about $63,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $128.84.

Exxon Mobil Stock Down 0.7 %

Shares of NYSE:XOM traded down $0.74 during mid-day trading on Wednesday, hitting $110.73. 5,881,846 shares of the company traded hands, compared to its average volume of 14,670,825. The stock has a market cap of $486.69 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.98 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $96.73 and a 12-month high of $126.34. The stock has a 50-day moving average price of $112.22 and a two-hundred day moving average price of $115.48.

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 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for 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 quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is 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.