Janney Capital Management LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Janney Capital Management LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,908 shares of the oil and gas company’s stock after selling 573 shares during the quarter. Janney Capital Management LLC’s holdings in Exxon Mobil were worth $4,938,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AXA S.A. raised its position in shares of Exxon Mobil by 18.5% in the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after buying an additional 20,475 shares during the last quarter. MBB Public Markets I LLC raised its holdings in Exxon Mobil by 2,165.3% in the 2nd quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock valued at $36,694,000 after acquiring an additional 304,673 shares during the last quarter. Marathon Capital Management lifted its stake in shares of Exxon Mobil by 4.2% during the 2nd quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock worth $1,152,000 after purchasing an additional 400 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Exxon Mobil by 18.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock valued at $436,574,000 after purchasing an additional 593,729 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of Exxon Mobil by 120.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock worth $338,885,000 after acquiring an additional 1,607,663 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.4 %

Shares of NYSE XOM opened at $108.64 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 year high of $126.34. The stock’s 50-day simple moving average is $111.77 and its 200-day simple moving average is $115.41. The firm has a market cap of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.84.

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.