WFA Asset Management Corp Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

WFA Asset Management Corp lowered its position in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,270 shares of the oil and gas company’s stock after selling 134 shares during the quarter. WFA Asset Management Corp’s holdings in Exxon Mobil were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Calamos Wealth Management LLC increased its stake in Exxon Mobil by 4.7% in the 4th quarter. Calamos Wealth Management LLC now owns 16,326 shares of the oil and gas company’s stock worth $1,632,000 after purchasing an additional 734 shares during the period. Grandfield & Dodd LLC increased its stake in shares of Exxon Mobil by 3.0% in the fourth quarter. Grandfield & Dodd LLC now owns 107,962 shares of the oil and gas company’s stock worth $10,794,000 after buying an additional 3,101 shares during the period. Planning Directions Inc. increased its stake in shares of Exxon Mobil by 6.6% in the fourth quarter. Planning Directions Inc. now owns 5,666 shares of the oil and gas company’s stock worth $566,000 after buying an additional 351 shares during the period. abrdn plc raised its holdings in Exxon Mobil by 58.1% during the 4th quarter. abrdn plc now owns 1,970,583 shares of the oil and gas company’s stock valued at $197,019,000 after buying an additional 724,539 shares during the last quarter. Finally, Dupree Financial Group LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $378,000. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $119.88 on Monday. 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. The stock has a market cap of $474.52 billion, a P/E ratio of 13.48, a P/E/G ratio of 4.12 and a beta of 0.96. The business’s 50 day moving average price is $111.55 and its 200-day moving average price is $106.23.

Exxon Mobil (NYSE:XOM) last released 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. The firm 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 company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.40 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $132.28.

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.