Exxon Mobil Co. (NYSE:XOM) Shares Sold by Heritage Wealth Advisors

Heritage Wealth Advisors lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,299 shares of the oil and gas company’s stock after selling 1,054 shares during the period. Heritage Wealth Advisors’ holdings in Exxon Mobil were worth $3,582,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Price Performance

Shares of XOM opened at $116.61 on Wednesday. The stock has a market cap of $505.99 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The stock’s 50-day moving average price is $110.36 and its two-hundred day moving average price is $113.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the prior year, the business earned $2.48 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

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.