Exxon Mobil Co. (NYSE:XOM) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 59.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,116 shares of the oil and gas company's stock after selling 7,450 shares during the period. InTrack Investment Management Inc's holdings in Exxon Mobil were worth $561,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vertex Planning Partners LLC lifted its holdings in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock worth $326,000 after buying an additional 83 shares during the period. Etfidea LLC boosted its stake in Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after acquiring an additional 85 shares in the last quarter. First Heartland Consultants Inc. increased its position in Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company's stock valued at $1,108,000 after buying an additional 87 shares in the last quarter. Latitude Advisors LLC increased its holdings in shares of Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company's stock valued at $1,568,000 after acquiring an additional 88 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC raised its holdings in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock worth $1,704,000 after buying an additional 88 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM traded up $1.05 during trading hours on Friday, hitting $112.37. 19,228,798 shares of the stock were exchanged, compared to its average volume of 13,346,318. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a fifty day moving average price of $112.56 and a 200-day moving average price 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. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. 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

XOM has been the subject of several research reports. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

About Exxon Mobil

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.