Grant GrossMendelsohn LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Grant GrossMendelsohn LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,418 shares of the oil and gas company's stock after selling 3,097 shares during the quarter. Grant GrossMendelsohn LLC's holdings in Exxon Mobil were worth $1,551,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at approximately $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $63,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Redburn Atlantic reiterated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. 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 research note on Friday, September 27th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective for the company. One 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.com, the company has an average rating of "Moderate Buy" and an average target price of $128.84.

Exxon Mobil Price Performance

XOM stock traded up $1.05 on Friday, reaching $112.37. 19,228,798 shares of the company's stock were exchanged, compared to its average volume of 13,346,318. The firm has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a fifty day moving average of $112.56 and a 200-day moving average of $115.51. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued 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 3.52%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 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.