Montag A & Associates Inc. Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Montag A & Associates Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 96,056 shares of the oil and gas company’s stock after selling 1,675 shares during the quarter. Montag A & Associates Inc.’s holdings in Exxon Mobil were worth $10,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $46,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $48,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the third quarter worth about $54,000. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil 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 value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $110.05 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $108.68 and its two-hundred day moving average is $114.61. Exxon Mobil Co. has a 52 week low of $102.64 and a 52 week high of $126.34. The company has a market capitalization of $483.66 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.