First Heartland Consultants Inc. Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

First Heartland Consultants Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,499 shares of the oil and gas company’s stock after selling 952 shares during the quarter. First Heartland Consultants Inc.’s holdings in Exxon Mobil were worth $914,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler cut their target price on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of XOM opened at $103.77 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. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a 50-day simple moving average of $108.69 and a 200-day simple moving average of $110.62. The company has a market capitalization of $447.22 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.06 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.82%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.