Moody Lynn & Lieberson LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,829 shares of the oil and gas company's stock after selling 6,040 shares during the period. Moody Lynn & Lieberson LLC's holdings in Exxon Mobil were worth $12,245,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth approximately $63,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Down 1.5 %
Exxon Mobil stock traded down $1.69 during mid-day trading on Tuesday, hitting $108.48. The company had a trading volume of 8,759,113 shares, compared to its average volume of 14,887,506. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average price is $111.35 and its two-hundred day moving average price is $115.41. The company has a market capitalization of $476.80 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.
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. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on XOM shares. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Finally, Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One investment 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.84.
View Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Profile
(
Free Report)
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.
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