LongView Wealth Management Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

LongView Wealth Management cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,919 shares of the oil and gas company's stock after selling 2,610 shares during the period. LongView Wealth Management's holdings in Exxon Mobil were worth $2,250,000 at the end of the most recent reporting period.

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

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM traded up $1.05 during mid-day trading on Friday, reaching $112.37. The company had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. 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 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The firm has a 50 day simple moving average of $112.56 and a two-hundred day simple moving average of $115.51.

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, beating analysts' consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced 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 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. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. Finally, Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. One 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.