Resurgent Financial Advisors LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Resurgent Financial Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,071 shares of the oil and gas company's stock after selling 4,531 shares during the period. Exxon Mobil accounts for 1.1% of Resurgent Financial Advisors LLC's holdings, making the stock its 19th biggest position. Resurgent Financial Advisors LLC's holdings in Exxon Mobil were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in XOM. Stonehaven Wealth & Tax Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $313,000. Main Street Financial Solutions LLC raised its stake in Exxon Mobil by 2.7% in the 4th quarter. Main Street Financial Solutions LLC now owns 69,310 shares of the oil and gas company's stock valued at $7,456,000 after acquiring an additional 1,800 shares during the period. Stenger Family Office LLC bought a new position in Exxon Mobil during the fourth quarter worth $6,626,000. Lifelong Wealth Advisors Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $212,000. Finally, Master S Wealth Management Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $226,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred 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 of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Mizuho decreased their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Trading Up 2.5 %

Exxon Mobil stock traded up $2.65 during mid-day trading on Friday, hitting $106.84. 17,830,092 shares of the stock were exchanged, compared to its average volume of 15,979,540. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm's fifty day simple moving average is $109.92 and its two-hundred day simple moving average is $112.90. The stock has a market capitalization of $462.12 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the business earned $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 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.