Exxon Mobil Co. (NYSE:XOM) Shares Sold by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.5% during the fourth quarter, HoldingsChannel reports. The fund owned 39,680 shares of the oil and gas company’s stock after selling 3,673 shares during the quarter. Exxon Mobil comprises 1.4% of Proquility Private Wealth Partners LLC’s holdings, making the stock its 26th biggest position. Proquility Private Wealth Partners LLC’s holdings in Exxon Mobil were worth $4,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Verum Partners LLC grew its position in Exxon Mobil by 23.1% during the fourth quarter. Verum Partners LLC now owns 2,763 shares of the oil and gas company’s stock worth $297,000 after buying an additional 518 shares during the period. Perfromance Wealth Partners LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $236,000. Roberts Wealth Advisors LLC grew its position in Exxon Mobil by 3.6% during the fourth quarter. Roberts Wealth Advisors LLC now owns 19,269 shares of the oil and gas company’s stock worth $2,149,000 after buying an additional 675 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Exxon Mobil by 4.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,036,668 shares of the oil and gas company’s stock worth $219,084,000 after buying an additional 83,539 shares during the period. Finally, Transform Wealth LLC grew its position in Exxon Mobil by 15.3% during the fourth quarter. Transform Wealth LLC now owns 153,532 shares of the oil and gas company’s stock worth $16,515,000 after buying an additional 20,373 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.12 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $483.97 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.93 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $97.74 and a fifty-two week high of $126.34. The firm’s 50 day moving average is $111.98 and its two-hundred day moving average is $115.44.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.