Philip James Wealth Mangement LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Philip James Wealth Mangement LLC reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 477,826 shares of the oil and gas company's stock after selling 19,092 shares during the period. Exxon Mobil accounts for approximately 6.6% of Philip James Wealth Mangement LLC's portfolio, making the stock its 2nd largest holding. Philip James Wealth Mangement LLC's holdings in Exxon Mobil were worth $51,400,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Whittier Trust Co. of Nevada Inc. grew its holdings in Exxon Mobil by 8.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 131,683 shares of the oil and gas company's stock valued at $15,436,000 after buying an additional 10,075 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in Exxon Mobil by 11.6% during the third quarter. Plimoth Trust Co. LLC now owns 48,827 shares of the oil and gas company's stock valued at $5,724,000 after acquiring an additional 5,057 shares in the last quarter. Community Financial Services Group LLC increased its holdings in Exxon Mobil by 1.9% during the 3rd quarter. Community Financial Services Group LLC now owns 168,384 shares of the oil and gas company's stock worth $19,738,000 after acquiring an additional 3,113 shares during the period. Evernest Financial Advisors LLC increased its holdings in Exxon Mobil by 59.6% during the 3rd quarter. Evernest Financial Advisors LLC now owns 13,764 shares of the oil and gas company's stock worth $1,613,000 after acquiring an additional 5,139 shares during the period. Finally, Roof Eidam Maycock Peralta LLC lifted its stake in Exxon Mobil by 3.3% in the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 13,043 shares of the oil and gas company's stock worth $1,529,000 after purchasing an additional 420 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Piper Sandler decreased their target price 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. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

Exxon Mobil Trading Down 1.0 %

Shares of NYSE:XOM traded down $1.16 during trading on Friday, reaching $110.84. 6,684,855 shares of the company traded hands, compared to its average volume of 14,759,757. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. The business's fifty day moving average is $108.60 and its 200-day moving average is $114.52. The firm has a market capitalization of $487.14 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 previous year, the firm posted $2.48 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. Exxon Mobil's dividend payout ratio is presently 50.51%.

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.