Eagle Wealth Strategies LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Eagle Wealth Strategies LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,126 shares of the oil and gas company’s stock after selling 290 shares during the quarter. Exxon Mobil comprises 2.3% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 5th biggest holding. Eagle Wealth Strategies LLC’s holdings in Exxon Mobil were worth $3,241,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XOM. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the second quarter valued at about $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the third quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth approximately $63,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Piper Sandler lowered their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Down 1.4 %

XOM opened at $108.64 on Friday. The company has a market cap of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. 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 company’s 50 day moving average is $111.77 and its 200-day moving average is $115.41. Exxon Mobil Co. has a 1-year low of $99.61 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company’s revenue was down .8% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. 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. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.