Exxon Mobil Co. (NYSE:XOM) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,526 shares of the oil and gas company’s stock after selling 115 shares during the quarter. Global Trust Asset Management LLC’s holdings in Exxon Mobil were worth $164,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $63,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

XOM stock opened at $108.64 on Friday. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week high of $126.34. The company has a market capitalization of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The company has a 50-day simple moving average of $111.77 and a 200 day simple moving average of $115.41. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business earned $2.27 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is 49.32%.

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.