LRT Capital Management LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

LRT Capital Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.0% in the 4th quarter, HoldingsChannel reports. The firm owned 14,622 shares of the oil and gas company’s stock after selling 4,379 shares during the quarter. Exxon Mobil accounts for 1.4% of LRT Capital Management LLC’s portfolio, making the stock its 28th biggest position. LRT Capital Management LLC’s holdings in Exxon Mobil were worth $1,462,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $80,000. Orion Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC boosted its holdings in Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after buying an additional 525 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. boosted its holdings in Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after buying an additional 792 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $120.58 on Tuesday. The stock has a market cap of $477.29 billion, a PE ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. The company’s fifty day moving average is $111.89 and its 200 day moving average is $106.31. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) 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 firm 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 company earned $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Truist Financial raised their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group raised their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.