Towerpoint Wealth LLC Sells 250 Shares of Exxon Mobil Co. (NYSE:XOM)

Towerpoint Wealth LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,911 shares of the oil and gas company’s stock after selling 250 shares during the quarter. Towerpoint Wealth LLC’s holdings in Exxon Mobil were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Eagle Capital Management LLC boosted its position in shares of Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares in the last quarter. Gardner Lewis Asset Management L P purchased a new position in Exxon Mobil during the second quarter valued at $9,023,000. Carolinas Wealth Consulting LLC boosted its holdings in shares of Exxon Mobil by 71.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 8,204 shares of the oil and gas company’s stock valued at $944,000 after buying an additional 3,415 shares in the last quarter. Paces Ferry Wealth Advisors LLC grew its position in shares of Exxon Mobil by 18.7% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,887 shares of the oil and gas company’s stock worth $563,000 after buying an additional 770 shares during the period. Finally, Kentucky Retirement Systems increased its stake in shares of Exxon Mobil by 12.1% in the 2nd quarter. Kentucky Retirement Systems now owns 338,043 shares of the oil and gas company’s stock worth $38,916,000 after acquiring an additional 36,474 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

XOM opened at $112.37 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $112.73 and a 200-day moving average price of $115.52. The stock has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

Several research firms recently commented on XOM. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Company 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.