Stonebridge Capital Management Inc. Sells 100 Shares of Exxon Mobil Co. (NYSE:XOM)

Stonebridge Capital Management Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,622 shares of the oil and gas company’s stock after selling 100 shares during the period. Stonebridge Capital Management Inc.’s holdings in Exxon Mobil were worth $2,326,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $54,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $111.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $489.27 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company’s 50-day moving average is $112.93 and its 200 day moving average is $115.55.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

About Exxon Mobil

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.