Future Financial Wealth Managment LLC Sells 2,111 Shares of Exxon Mobil Co. (NYSE:XOM)

Future Financial Wealth Managment LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,788 shares of the oil and gas company’s stock after selling 2,111 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Exxon Mobil were worth $515,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. boosted its position in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after purchasing an additional 4,578 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares in the last quarter. Blair William & Co. IL grew its position in shares of Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after buying an additional 379,747 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Exxon Mobil by 4.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after acquiring an additional 6,753 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.8 %

NYSE XOM traded up $2.98 during trading hours on Monday, reaching $109.52. The company had a trading volume of 9,325,992 shares, compared to its average volume of 14,449,677. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $481.35 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 4.65 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 stock has a 50-day moving average of $113.49 and a 200 day moving average of $115.65.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.95 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. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Company 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.