Mutual Advisors LLC Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Mutual Advisors LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,714 shares of the oil and gas company’s stock after selling 3,506 shares during the quarter. Mutual Advisors LLC’s holdings in Exxon Mobil were worth $11,100,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of XOM. FMR LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after buying an additional 1,622,064 shares during the period. Franklin Resources Inc. grew its position in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock valued at $3,652,589,000 after buying an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Exxon Mobil by 3.4% in the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after acquiring an additional 949,875 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.64 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a fifty day moving average of $111.56 and a 200 day moving average of $115.38. The firm has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analyst Weigh In

A number of research firms have commented on XOM. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.