Global Strategic Investment Solutions LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Global Strategic Investment Solutions LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,086 shares of the oil and gas company’s stock after selling 733 shares during the period. Global Strategic Investment Solutions LLC’s holdings in Exxon Mobil were worth $762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Unified Investment Management purchased a new stake in Exxon Mobil in the 4th quarter valued at about $545,000. Wernau Asset Management Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $576,000. Meridian Wealth Management LLC raised its stake in shares of Exxon Mobil by 1.5% in the 4th quarter. Meridian Wealth Management LLC now owns 719,186 shares of the oil and gas company’s stock valued at $77,363,000 after acquiring an additional 10,895 shares during the period. Kelly Financial Group LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $225,000. Finally, Detalus Advisors LLC boosted its position in shares of Exxon Mobil by 2.4% during the 4th quarter. Detalus Advisors LLC now owns 4,491 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on XOM shares. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In related 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 transaction of $231,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

Shares of Exxon Mobil stock opened at $107.55 on Wednesday. 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 1 year low of $104.32 and a 1 year high of $126.34. The company’s fifty day moving average is $109.00 and its two-hundred day moving average is $114.04. The company has a market capitalization of $466.67 billion, a P/E ratio of 13.72, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm earned $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 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.