Exxon Mobil Co. (NYSE:XOM) Position Trimmed by Graves Light Lenhart Wealth Inc.

Graves Light Lenhart Wealth Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,171 shares of the oil and gas company’s stock after selling 939 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in Exxon Mobil were worth $3,353,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter worth approximately $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XOM shares. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock opened at $109.68 on Wednesday. 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 Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $115.58. The company has a market capitalization of $482.05 billion, a P/E ratio of 13.66, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 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. Shareholders 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 3.61%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. 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.