FLC Capital Advisors Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

FLC Capital Advisors reduced its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,564 shares of the oil and gas company's stock after selling 3,224 shares during the period. Exxon Mobil makes up 1.0% of FLC Capital Advisors' portfolio, making the stock its 26th biggest holding. FLC Capital Advisors' holdings in Exxon Mobil were worth $4,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Eagle Capital Management LLC lifted its stake in shares of Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company's stock worth $283,000 after purchasing an additional 114 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Exxon Mobil by 21.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company's stock valued at $1,124,000 after buying an additional 1,737 shares during the last quarter. Certified Advisory Corp increased its position in shares of Exxon Mobil by 20.9% during the second quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company's stock worth $1,199,000 after acquiring an additional 1,799 shares during the period. Interval Partners LP purchased a new stake in Exxon Mobil in the second quarter worth about $4,155,000. Finally, Resources Management Corp CT ADV boosted its position in Exxon Mobil by 0.7% during the 2nd quarter. Resources Management Corp CT ADV now owns 56,828 shares of the oil and gas company's stock valued at $6,542,000 after acquiring an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 1.0 %

Shares of XOM traded down $1.06 during trading hours on Wednesday, reaching $110.41. The stock had a trading volume of 7,650,865 shares, compared to its average volume of 14,796,281. The company has a market cap of $485.25 billion, a P/E ratio of 13.75, a P/E/G ratio of 2.98 and a beta of 0.91. 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 firm has a 50-day moving average of $112.22 and a 200 day moving average of $115.48. Exxon Mobil Co. has a 52 week low of $96.73 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. 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 3.59%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is 49.32%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. UBS Group decreased their target price 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. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial upped 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. Finally, BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.