Exxon Mobil Co. (NYSE:XOM) Shares Sold by Fonville Wealth Management LLC

Fonville Wealth Management LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,907 shares of the oil and gas company’s stock after selling 231 shares during the quarter. Fonville Wealth Management LLC’s holdings in Exxon Mobil were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Financial Services Inc acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $48,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were 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 owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XOM shares. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. TD Cowen reduced their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Down 3.9 %

Exxon Mobil stock opened at $107.37 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The company has a 50-day simple moving average of $109.16 and a 200-day simple moving average of $114.88. The firm has a market capitalization of $471.90 billion, a P/E ratio of 13.70, a P/E/G ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 posted $2.48 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given 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 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.