Franklin Street Advisors Inc. NC Has $24.83 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Franklin Street Advisors Inc. NC lowered its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 230,784 shares of the oil and gas company's stock after selling 11,830 shares during the quarter. Exxon Mobil comprises 1.7% of Franklin Street Advisors Inc. NC's portfolio, making the stock its 18th largest position. Franklin Street Advisors Inc. NC's holdings in Exxon Mobil were worth $24,825,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Finally, Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $128.74.

Exxon Mobil Trading Down 0.4 %

Shares of Exxon Mobil stock traded down $0.39 on Friday, reaching $106.54. 19,299,174 shares of the company were exchanged, compared to its average volume of 15,308,237. The stock has a fifty day moving average price of $113.66 and a 200-day moving average price of $115.69. The firm has a market capitalization of $468.25 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 4.65 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 fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its 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 company 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 revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.95 EPS 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 given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.72%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. 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.