Asset Advisors Investment Management LLC Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Asset Advisors Investment Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,700 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Exxon Mobil were worth $398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $47,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the third quarter worth about $51,000. Finally, Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $48,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’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 transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Piper Sandler lowered their price target 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. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.43 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12-month low of $103.85 and a 12-month high of $126.34. The business’s fifty day moving average price is $108.75 and its 200 day moving average price is $114.34. The stock has a market capitalization of $474.84 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Exxon Mobil Company 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.