Exxon Mobil Co. (NYSE:XOM) Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 12.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,883 shares of the oil and gas company’s stock after selling 721 shares during the period. Fortitude Family Office LLC’s holdings in Exxon Mobil were worth $525,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new stake in Exxon Mobil in the 2nd quarter valued at about $980,210,000. International Assets Investment Management LLC increased its stake in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc grew its holdings in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.83 on Friday. The firm has a 50-day moving average of $113.66 and a two-hundred day moving average of $115.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market cap of $469.53 billion, a P/E ratio of 13.30, a PEG ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment 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 company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.74.

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.