Wambolt & Associates LLC Has $832,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Wambolt & Associates LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 28.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,732 shares of the oil and gas company’s stock after selling 3,103 shares during the period. Wambolt & Associates LLC’s holdings in Exxon Mobil were worth $832,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the period. Pacer Advisors Inc. raised its position in shares of Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after acquiring an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after purchasing an additional 1,875,320 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

XOM opened at $115.81 on Tuesday. The company has a market capitalization of $502.52 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $110.22 and a 200-day moving average price of $113.58. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $2.48 EPS. Equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.