MBA Advisors LLC Sells 3,329 Shares of Exxon Mobil Co. (NYSE:XOM)

MBA Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 21.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,305 shares of the oil and gas company’s stock after selling 3,329 shares during the period. MBA Advisors LLC’s holdings in Exxon Mobil were worth $1,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA bought a new position in Exxon Mobil during the fourth quarter valued at approximately $302,000. Wagner Wealth Management LLC raised its stake in Exxon Mobil by 4.5% during the 4th quarter. Wagner Wealth Management LLC now owns 14,293 shares of the oil and gas company’s stock valued at $1,538,000 after buying an additional 617 shares during the last quarter. MFA Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 5.1% during the 4th quarter. MFA Wealth Advisors LLC now owns 41,705 shares of the oil and gas company’s stock valued at $4,486,000 after buying an additional 2,009 shares during the period. Canvas Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 4.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,464 shares of the oil and gas company’s stock worth $480,000 after buying an additional 173 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in shares of Exxon Mobil by 27.1% in the fourth quarter. Angeles Wealth Management LLC now owns 29,842 shares of the oil and gas company’s stock worth $3,210,000 after acquiring an additional 6,364 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of 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, Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. 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. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Up 0.7 %

Exxon Mobil stock opened at $108.10 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm’s 50 day moving average price is $109.02 and its 200-day moving average price is $114.83. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The stock has a market cap of $475.10 billion, a P/E ratio of 13.79, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced 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 quarter in the prior year, the company earned $2.48 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil 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.