Hall Laurie J Trustee Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Hall Laurie J Trustee cut its stake in Exxon Mobil Co. (NYSE:XOM) by 23.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,392 shares of the oil and gas company’s stock after selling 3,780 shares during the quarter. Hall Laurie J Trustee’s holdings in Exxon Mobil were worth $1,333,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of XOM. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on XOM shares. Barclays lowered their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.9 %

NYSE XOM opened at $112.37 on Tuesday. 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 one year low of $95.77 and a one year high of $126.34. The company’s 50 day moving average price is $112.56 and its 200 day moving average price is $115.51. The firm has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 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 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 quarter in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current 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 paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) 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.