Krilogy Financial LLC Sells 3,075 Shares of Exxon Mobil Co. (NYSE:XOM)

Krilogy Financial LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,830 shares of the oil and gas company’s stock after selling 3,075 shares during the quarter. Krilogy Financial LLC’s holdings in Exxon Mobil were worth $2,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XOM. Vertex Planning Partners LLC grew its stake in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 83 shares during the period. First Heartland Consultants Inc. grew its stake in shares of Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares during the period. Latitude Advisors LLC grew its stake in shares of Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after purchasing an additional 88 shares during the period. Longfellow Investment Management Co. LLC grew its stake in shares of Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares during the period. Finally, West Oak Capital LLC grew its stake in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $112.37 on Monday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. 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 stock’s 50-day moving average is $112.56 and its 200-day moving average is $115.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. 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, January 13th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Finally, Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.