Fortitude Family Office LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Fortitude Family Office LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,883 shares of the oil and gas company’s stock after selling 721 shares during the quarter. Fortitude Family Office LLC’s holdings in Exxon Mobil were worth $525,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter worth $39,000. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the second quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on XOM shares. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Piper Sandler lowered 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. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Trading Down 1.8 %

NYSE:XOM opened at $106.83 on Friday. The company has a market capitalization of $469.53 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a fifty day simple moving average of $113.66 and a 200-day simple moving average of $115.69. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released 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 business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.