Westside Investment Management Inc. Sells 417 Shares of Exxon Mobil Co. (NYSE:XOM)

Westside Investment Management Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,917 shares of the oil and gas company’s stock after selling 417 shares during the quarter. Westside Investment Management Inc.’s holdings in Exxon Mobil were worth $421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Place Capital Corp grew its position in shares of Exxon Mobil by 1.9% in the 4th quarter. Park Place Capital Corp now owns 16,133 shares of the oil and gas company’s stock valued at $1,735,000 after acquiring an additional 308 shares during the period. Magnus Financial Group LLC grew its holdings in Exxon Mobil by 1.1% during the fourth quarter. Magnus Financial Group LLC now owns 56,446 shares of the oil and gas company’s stock worth $6,072,000 after purchasing an additional 604 shares during the period. Daymark Wealth Partners LLC increased its position in Exxon Mobil by 2.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 245,536 shares of the oil and gas company’s stock worth $26,412,000 after buying an additional 5,424 shares during the last quarter. ForthRight Wealth Management LLC raised its stake in Exxon Mobil by 14.9% in the fourth quarter. ForthRight Wealth Management LLC now owns 4,177 shares of the oil and gas company’s stock valued at $449,000 after buying an additional 543 shares during the period. Finally, Melfa Wealth Management Inc. boosted its stake in shares of Exxon Mobil by 1.0% during the 4th quarter. Melfa Wealth Management Inc. now owns 14,961 shares of the oil and gas company’s stock worth $1,609,000 after acquiring an additional 144 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.4 %

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

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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 the consensus estimate of $93.98 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. 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%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. BNP Paribas cut 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. Finally, Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.