Marotta Asset Management Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Marotta Asset Management cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,370 shares of the oil and gas company’s stock after selling 213 shares during the period. Marotta Asset Management’s holdings in Exxon Mobil were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth about $35,000. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the second quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $0.68 during trading on Friday, hitting $107.61. 3,531,116 shares of the stock were exchanged, compared to its average volume of 12,596,785. The stock has a market cap of $472.96 billion, a PE ratio of 13.40, a P/E/G ratio of 4.65 and a beta of 0.91. The stock’s fifty day moving average is $113.66 and its 200 day moving average is $115.69. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. 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. This represents a $3.96 annualized dividend and a yield of 3.68%. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

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.