U.S. Capital Wealth Advisors LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

U.S. Capital Wealth Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,080 shares of the oil and gas company’s stock after selling 1,463 shares during the quarter. Exxon Mobil accounts for approximately 0.8% of U.S. Capital Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. U.S. Capital Wealth Advisors LLC’s holdings in Exxon Mobil were worth $20,804,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XOM. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $80,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $91,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $92,000. TFO Wealth Partners LLC raised its position in shares of Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its position in shares of Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on XOM. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Mizuho reiterated a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen increased their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Down 0.2 %

Shares of XOM traded down $0.24 during midday trading on Friday, hitting $116.00. 28,023,313 shares of the stock were exchanged, compared to its average volume of 18,518,412. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a fifty day simple moving average of $114.65 and a 200 day simple moving average of $106.96. The firm has a market cap of $457.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.83 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

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.