Exxon Mobil Co. (NYSE:XOM) Position Reduced by Wallace Advisory Group LLC

Wallace Advisory Group LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,978 shares of the oil and gas company’s stock after selling 140 shares during the period. Wallace Advisory Group LLC’s holdings in Exxon Mobil were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XOM. Gilbert & Cook Inc. increased its holdings in shares of Exxon Mobil by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 545 shares during the last quarter. J. W. Coons Advisors LLC boosted its holdings in Exxon Mobil by 0.5% in the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares during the period. Eagle Asset Management Inc. increased its stake in Exxon Mobil by 0.6% during the fourth quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock valued at $9,348,000 after purchasing an additional 593 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 38.5% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 2,396 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 666 shares during the period. Finally, Prudent Man Advisors LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $623,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XOM. Mizuho boosted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Truist Financial lowered their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Barclays cut their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Sanford C. Bernstein cut their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Exxon Mobil Stock Up 2.7 %

Exxon Mobil stock opened at $115.82 on Monday. The company’s 50-day moving average price is $115.76 and its two-hundred day moving average price is $115.71. The stock has a market cap of $456.68 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.94 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Exxon Mobil 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.