Exxon Mobil Co. (NYSE:XOM) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,555 shares of the oil and gas company’s stock after selling 1,778 shares during the period. Exxon Mobil makes up approximately 0.8% of Kovack Advisors Inc.’s holdings, making the stock its 23rd biggest holding. Kovack Advisors Inc.’s holdings in Exxon Mobil were worth $8,020,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Schnieders Capital Management LLC lifted its stake in shares of Exxon Mobil by 5.3% during the fourth quarter. Schnieders Capital Management LLC now owns 29,844 shares of the oil and gas company’s stock worth $3,210,000 after buying an additional 1,500 shares during the period. Harfst & Associates Inc. lifted its stake in shares of Exxon Mobil by 35.3% during the fourth quarter. Harfst & Associates Inc. now owns 28,947 shares of the oil and gas company’s stock worth $3,114,000 after buying an additional 7,559 shares during the period. Apriem Advisors lifted its stake in shares of Exxon Mobil by 1.2% during the fourth quarter. Apriem Advisors now owns 137,101 shares of the oil and gas company’s stock worth $14,748,000 after buying an additional 1,668 shares during the period. Lineweaver Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 5.3% during the fourth quarter. Lineweaver Wealth Advisors LLC now owns 28,941 shares of the oil and gas company’s stock worth $3,114,000 after buying an additional 1,462 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC lifted its stake in shares of Exxon Mobil by 160.1% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 11,684 shares of the oil and gas company’s stock worth $1,257,000 after buying an additional 7,192 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

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

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 1.1 %

XOM stock opened at $111.33 on Friday. The stock has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.02 and a beta of 0.89. The firm has a 50-day simple moving average of $108.95 and a 200-day simple moving average of $114.26. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $104.03 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm posted $2.48 EPS. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.56%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.