Snowden Capital Advisors LLC Sells 22,372 Shares of Exxon Mobil Co. (NYSE:XOM)

Snowden Capital Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,738 shares of the oil and gas company’s stock after selling 22,372 shares during the period. Exxon Mobil comprises about 0.5% of Snowden Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Snowden Capital Advisors LLC’s holdings in Exxon Mobil were worth $16,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Security National Bank of SO Dak grew its position in Exxon Mobil by 5.9% during the fourth quarter. Security National Bank of SO Dak now owns 26,579 shares of the oil and gas company’s stock valued at $2,859,000 after buying an additional 1,476 shares during the period. SGL Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 13.8% during the 4th quarter. SGL Investment Advisors Inc. now owns 2,110 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 256 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $977,000. Rafferty Asset Management LLC increased its stake in shares of Exxon Mobil by 4.3% in the 4th quarter. Rafferty Asset Management LLC now owns 857,833 shares of the oil and gas company’s stock worth $92,277,000 after purchasing an additional 35,402 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Exxon Mobil in the 4th quarter worth $1,138,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on XOM shares. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays lowered their price objective on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler dropped their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Down 0.0%

Shares of XOM opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $467.34 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The business’s 50 day simple moving average is $109.00 and its 200-day simple moving average is $110.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 earnings per share. Exxon Mobil’s revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 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.