Fiduciary Alliance LLC Has $1.46 Million Position in Exxon Mobil Co. (NYSE:XOM)

Fiduciary Alliance LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,629 shares of the oil and gas company’s stock after selling 1,718 shares during the quarter. Fiduciary Alliance LLC’s holdings in Exxon Mobil were worth $1,463,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $5,226,390,000. Imprint Wealth LLC grew its position in shares of Exxon Mobil by 9,115.2% during the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after buying an additional 11,181,673 shares during the period. Morgan Stanley grew its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after buying an additional 5,566,797 shares during the period. Finally, FMR LLC grew its position in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.7 %

Shares of Exxon Mobil stock opened at $113.83 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $120.70. The stock has a market cap of $451.66 billion, a P/E ratio of 12.80, a P/E/G ratio of 4.20 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $104.65 and its 200-day moving average is $105.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the prior year, the business posted $3.40 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho boosted their price objective on Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Piper Sandler decreased their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. UBS Group decreased their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Finally, TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

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.