Signet Financial Management LLC Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Signet Financial Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,295 shares of the oil and gas company’s stock after selling 221 shares during the period. Signet Financial Management LLC’s holdings in Exxon Mobil were worth $462,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $109.27 on Tuesday. The firm has a market capitalization of $480.25 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 4.65 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 firm has a 50-day moving average price of $113.31 and a 200-day moving average price of $115.61. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced 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. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

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.