Exxon Mobil Co. (NYSE:XOM) Shares Sold by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,278 shares of the oil and gas company’s stock after selling 581 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Exxon Mobil were worth $1,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter worth $46,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth about $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil during the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $111.52 on Wednesday. The firm has a market capitalization of $490.12 billion, a PE ratio of 13.89, a P/E/G ratio of 3.01 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. 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 50-day moving average of $112.40 and a two-hundred day moving average of $115.50.

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

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.