Exxon Mobil Co. (NYSE:XOM) Shares Sold by Bfsg LLC

Bfsg LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,303 shares of the oil and gas company’s stock after selling 2,098 shares during the quarter. Exxon Mobil comprises approximately 0.9% of Bfsg LLC’s holdings, making the stock its 28th biggest holding. Bfsg LLC’s holdings in Exxon Mobil were worth $7,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cardinal Capital Management lifted its holdings in shares of Exxon Mobil by 0.8% during the 4th quarter. Cardinal Capital Management now owns 112,659 shares of the oil and gas company’s stock valued at $12,119,000 after acquiring an additional 913 shares in the last quarter. Davidson Trust Co. lifted its holdings in Exxon Mobil by 1.2% in the 4th quarter. Davidson Trust Co. now owns 35,744 shares of the oil and gas company’s stock worth $3,845,000 after buying an additional 438 shares in the last quarter. BKM Wealth Management LLC increased its position in shares of Exxon Mobil by 21.7% in the 4th quarter. BKM Wealth Management LLC now owns 3,459 shares of the oil and gas company’s stock worth $372,000 after purchasing an additional 616 shares during the last quarter. Beta Wealth Group Inc. increased its position in shares of Exxon Mobil by 1.7% in the 4th quarter. Beta Wealth Group Inc. now owns 6,016 shares of the oil and gas company’s stock worth $647,000 after purchasing an additional 101 shares during the last quarter. Finally, Beaton Management Co. Inc. increased its position in shares of Exxon Mobil by 3.9% in the 4th quarter. Beaton Management Co. Inc. now owns 46,509 shares of the oil and gas company’s stock worth $5,077,000 after purchasing an additional 1,733 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.7 %

Shares of NYSE:XOM opened at $112.12 on Friday. The company has a 50 day moving average of $108.60 and a 200-day moving average of $114.52. The firm has a market cap of $492.78 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 quarter last year, the business earned $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.