Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lessened by Lmcg Investments LLC

Lmcg Investments LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,784 shares of the oil and gas company’s stock after selling 433 shares during the period. Lmcg Investments LLC’s holdings in Exxon Mobil were worth $9,766,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vertex Planning Partners LLC raised its stake in Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. First Heartland Consultants Inc. raised its stake in Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after buying an additional 87 shares during the last quarter. Latitude Advisors LLC raised its stake in Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after buying an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC raised its stake in Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after buying an additional 88 shares during the last quarter. Finally, West Oak Capital LLC raised its stake in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XOM shares. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Up 0.5 %

XOM opened at $110.12 on Friday. 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 company’s 50-day moving average is $111.98 and its 200 day moving average is $115.44. Exxon Mobil Co. has a fifty-two week low of $97.74 and a fifty-two week high of $126.34. The firm has a market capitalization of $483.97 billion, a P/E ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the firm earned $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s payout ratio is currently 49.32%.

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.