Summit Investment Advisors Inc. Sells 2,671 Shares of Exxon Mobil Co. (NYSE:XOM)

Summit Investment Advisors Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 106,660 shares of the oil and gas company's stock after selling 2,671 shares during the quarter. Summit Investment Advisors Inc.'s holdings in Exxon Mobil were worth $11,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stamos Capital Partners L.P. lifted its stake in Exxon Mobil by 20.5% during the fourth quarter. Stamos Capital Partners L.P. now owns 117,770 shares of the oil and gas company's stock worth $12,669,000 after purchasing an additional 20,030 shares in the last quarter. TT Capital Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $318,000. Virtus Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $286,000. WealthTrust Axiom LLC lifted its position in Exxon Mobil by 4.3% in the fourth quarter. WealthTrust Axiom LLC now owns 16,176 shares of the oil and gas company's stock valued at $1,740,000 after purchasing an additional 672 shares during the period. Finally, Entruity Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $1,998,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on XOM shares. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday. Truist Financial raised their target price 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 reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, Mizuho reduced their price objective on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $126.75.

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Exxon Mobil Stock Up 1.8 %

XOM stock traded up $1.91 during midday trading on Tuesday, reaching $105.30. 1,026,934 shares of the company's stock traded hands, compared to its average volume of 15,934,164. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $455.46 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.61. The firm's fifty day moving average price is $110.20 and its 200-day moving average price is $113.10. 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 announced 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.76%. Exxon Mobil's payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.