BLB&B Advisors LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

BLB&B Advisors LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,329 shares of the oil and gas company’s stock after selling 1,731 shares during the quarter. BLB&B Advisors LLC’s holdings in Exxon Mobil were worth $6,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter valued at $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter worth $63,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on XOM shares. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

XOM opened at $110.98 on Tuesday. The company has a market capitalization of $487.75 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.94 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The business’s fifty day simple moving average is $109.41 and its 200-day simple moving average is $114.97.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm earned $2.48 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

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.