Exxon Mobil Co. (NYSE:XOM) Shares Sold by Fonville Wealth Management LLC

Fonville Wealth Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,907 shares of the oil and gas company’s stock after selling 231 shares during the period. Fonville Wealth Management LLC’s holdings in Exxon Mobil were worth $528,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $302,000. Wagner Wealth Management LLC grew its position in Exxon Mobil by 4.5% in the fourth quarter. Wagner Wealth Management LLC now owns 14,293 shares of the oil and gas company’s stock worth $1,538,000 after buying an additional 617 shares during the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 5.1% in the fourth quarter. MFA Wealth Advisors LLC now owns 41,705 shares of the oil and gas company’s stock valued at $4,486,000 after buying an additional 2,009 shares in the last quarter. Canvas Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 4.0% during the 4th quarter. Canvas Wealth Advisors LLC now owns 4,464 shares of the oil and gas company’s stock valued at $480,000 after acquiring an additional 173 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in shares of Exxon Mobil by 27.1% during the 4th quarter. Angeles Wealth Management LLC now owns 29,842 shares of the oil and gas company’s stock worth $3,210,000 after acquiring an additional 6,364 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

Shares of XOM opened at $107.37 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $471.90 billion, a PE ratio of 13.70, a PEG ratio of 2.94 and a beta of 0.89. The firm’s 50 day moving average price is $109.16 and its 200 day moving average price is $114.88. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.