Pathway Financial Advisers LLC Has $567,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Pathway Financial Advisers LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,274 shares of the oil and gas company's stock after selling 565,090 shares during the quarter. Pathway Financial Advisers LLC's holdings in Exxon Mobil were worth $567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Avestar Capital LLC raised its stake in Exxon Mobil by 2.8% in the 4th quarter. Avestar Capital LLC now owns 25,300 shares of the oil and gas company's stock worth $2,722,000 after purchasing an additional 683 shares in the last quarter. MGB Wealth Management LLC raised its stake in Exxon Mobil by 7.5% in the 4th quarter. MGB Wealth Management LLC now owns 8,946 shares of the oil and gas company's stock worth $957,000 after purchasing an additional 621 shares in the last quarter. Morris Financial Concepts Inc. raised its position in shares of Exxon Mobil by 2.3% in the 4th quarter. Morris Financial Concepts Inc. now owns 8,766 shares of the oil and gas company's stock valued at $943,000 after buying an additional 195 shares in the last quarter. MTM Investment Management LLC raised its position in shares of Exxon Mobil by 0.7% in the 4th quarter. MTM Investment Management LLC now owns 28,008 shares of the oil and gas company's stock valued at $3,013,000 after buying an additional 193 shares in the last quarter. Finally, Howard Bailey Securities LLC raised its position in shares of Exxon Mobil by 8.4% in the 4th quarter. Howard Bailey Securities LLC now owns 2,580 shares of the oil and gas company's stock valued at $278,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.1 %

Shares of NYSE:XOM traded up $0.16 during trading on Wednesday, reaching $110.30. The stock had a trading volume of 10,958,830 shares, compared to its average volume of 14,979,422. The firm's fifty day moving average is $108.60 and its 200 day moving average is $114.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52 week low of $102.64 and a 52 week high of $126.34. The stock has a market cap of $484.76 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 2.91 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business earned $2.48 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.25.

Exxon Mobil Company 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.