Delta Financial Advisors LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Delta Financial Advisors LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,963 shares of the oil and gas company’s stock after selling 3,253 shares during the quarter. Delta Financial Advisors LLC’s holdings in Exxon Mobil were worth $2,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC purchased a new position in Exxon Mobil during the first quarter valued at approximately $27,000. IMA Wealth Inc. lifted its holdings in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. lifted its holdings in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Mizuho reissued a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Piper Sandler boosted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Trading Up 1.2 %

Shares of XOM opened at $119.90 on Friday. The company’s fifty day moving average is $111.55 and its 200 day moving average is $106.33. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market capitalization of $474.60 billion, a PE ratio of 13.49, a P/E/G ratio of 4.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the business posted $3.40 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.