Exxon Mobil Co. (NYSE:XOM) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,381 shares of the oil and gas company’s stock after selling 471 shares during the quarter. Strata Wealth Advisors LLC’s holdings in Exxon Mobil were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the first quarter worth $27,000. IMA Wealth Inc. increased its stake 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 worth $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $43,000. Turim 21 Investimentos Ltda. increased its stake 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 worth $47,000 after acquiring an additional 396 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XOM shares. TD Cowen raised their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Truist Financial boosted their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Wells Fargo & Company boosted their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, UBS Group boosted their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Eight equities 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 company currently has an average rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Performance

NYSE XOM opened at $119.88 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $111.55 and its two-hundred day moving average is $106.23. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market capitalization of $474.52 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 4.12 and a beta of 0.96.

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

Exxon Mobil Dividend Announcement

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

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.