Octavia Wealth Advisors LLC Sells 899 Shares of Exxon Mobil Co. (NYSE:XOM)

Octavia Wealth Advisors LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,351 shares of the oil and gas company’s stock after selling 899 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Exxon Mobil were worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Investment Advisory Group LLC grew its position in shares of Exxon Mobil by 14.9% during the fourth quarter. Investment Advisory Group LLC now owns 13,602 shares of the oil and gas company’s stock worth $1,360,000 after purchasing an additional 1,767 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of Exxon Mobil by 36.4% during the fourth quarter. United Asset Strategies Inc. now owns 56,143 shares of the oil and gas company’s stock valued at $5,613,000 after buying an additional 14,971 shares during the last quarter. Peirce Capital Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $422,000. SVB Wealth LLC boosted its position in shares of Exxon Mobil by 4.7% during the fourth quarter. SVB Wealth LLC now owns 127,881 shares of the oil and gas company’s stock worth $12,786,000 after acquiring an additional 5,714 shares during the last quarter. Finally, First American Trust FSB grew its stake in Exxon Mobil by 30.2% during the fourth quarter. First American Trust FSB now owns 9,894 shares of the oil and gas company’s stock valued at $989,000 after acquiring an additional 2,293 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the 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 completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Price Performance

XOM opened at $118.46 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $111.18 and a 200 day moving average of $106.30. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock has a market cap of $468.90 billion, a P/E ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping 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 analyst estimates of $90.03 billion. During the same period last year, the company posted $3.40 earnings per share. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. Exxon Mobil’s payout ratio is presently 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.