HB Wealth Management LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

HB Wealth Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,362 shares of the oil and gas company's stock after selling 6,053 shares during the quarter. HB Wealth Management LLC's holdings in Exxon Mobil were worth $17,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XOM. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter valued at approximately $46,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM traded up $1.05 during mid-day trading on Monday, hitting $112.37. The company's stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. The business's fifty day moving average is $112.56 and its two-hundred day moving average is $115.51. The stock has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective on the stock. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Finally, BNP Paribas lowered 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil 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.