Advanced Asset Management Advisors Inc Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Advanced Asset Management Advisors Inc reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,070 shares of the oil and gas company’s stock after selling 143 shares during the quarter. Exxon Mobil makes up 2.2% of Advanced Asset Management Advisors Inc’s investment portfolio, making the stock its 14th largest holding. Advanced Asset Management Advisors Inc’s holdings in Exxon Mobil were worth $9,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Naples Global Advisors LLC increased its position in shares of Exxon Mobil by 2.5% during the 3rd quarter. Naples Global Advisors LLC now owns 73,381 shares of the oil and gas company’s stock valued at $8,628,000 after purchasing an additional 1,808 shares during the last quarter. Well Done LLC increased its position in shares of Exxon Mobil by 0.8% during the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock valued at $1,462,000 after purchasing an additional 97 shares during the last quarter. Clarus Group Inc. increased its position in shares of Exxon Mobil by 2.7% during the 3rd quarter. Clarus Group Inc. now owns 97,809 shares of the oil and gas company’s stock valued at $11,500,000 after purchasing an additional 2,613 shares during the last quarter. Exeter Financial LLC increased its position in shares of Exxon Mobil by 1.5% during the 3rd quarter. Exeter Financial LLC now owns 20,131 shares of the oil and gas company’s stock valued at $2,367,000 after purchasing an additional 303 shares during the last quarter. Finally, Viking Fund Management LLC increased its position in shares of Exxon Mobil by 7.0% during the 3rd quarter. Viking Fund Management LLC now owns 107,000 shares of the oil and gas company’s stock valued at $12,581,000 after purchasing an additional 7,000 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. UBS Group lifted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Price Performance

NYSE XOM traded down $3.37 during trading hours on Friday, hitting $117.96. The company had a trading volume of 26,679,557 shares, compared to its average volume of 18,214,783. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a 50 day simple moving average of $113.04 and a 200 day simple moving average of $106.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market capitalization of $466.92 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.83 EPS. Equities research analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.