Lbmc Investment Advisors LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Lbmc Investment Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,107 shares of the oil and gas company's stock after selling 2,501 shares during the quarter. Lbmc Investment Advisors LLC's holdings in Exxon Mobil were worth $1,948,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $46,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on XOM shares. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Redburn Atlantic restated a "neutral" rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Finally, Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.

Exxon Mobil Trading Down 0.8 %

Shares of XOM stock traded down $0.88 during trading on Tuesday, hitting $111.44. 3,847,296 shares of the stock traded hands, compared to its average volume of 13,990,660. The firm has a market capitalization of $489.78 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. 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 firm's fifty day moving average price is $112.40 and its 200-day moving average price is $115.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly 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. 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%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given 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 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

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.