Signet Financial Management LLC Sells 221 Shares of Exxon Mobil Co. (NYSE:XOM)

Signet Financial Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,295 shares of the oil and gas company’s stock after selling 221 shares during the period. Signet Financial Management LLC’s holdings in Exxon Mobil were worth $462,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XOM. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares in the last quarter. Executive Wealth Management LLC lifted its stake in Exxon Mobil by 10.2% in the second quarter. Executive Wealth Management LLC now owns 11,712 shares of the oil and gas company’s stock worth $1,348,000 after acquiring an additional 1,087 shares during the period. Prevail Innovative Wealth Advisors LLC grew its holdings in Exxon Mobil by 88.1% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 4,681 shares of the oil and gas company’s stock worth $539,000 after acquiring an additional 2,192 shares in the last quarter. TradeLink Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $737,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Exxon Mobil by 8.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 56,740 shares of the oil and gas company’s stock valued at $6,532,000 after purchasing an additional 4,411 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XOM. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.27 on Tuesday. 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 business has a fifty day moving average of $113.31 and a 200 day moving average of $115.61. The firm has a market capitalization of $480.25 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth 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 released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 previous year, the company posted $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.