Savant Capital LLC Has $25.80 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Savant Capital LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,806 shares of the oil and gas company’s stock after selling 8,694 shares during the period. Savant Capital LLC’s holdings in Exxon Mobil were worth $25,796,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XOM. Wagner Wealth Management LLC lifted its holdings in Exxon Mobil by 4.5% during the 4th quarter. Wagner Wealth Management LLC now owns 14,293 shares of the oil and gas company’s stock worth $1,538,000 after buying an additional 617 shares in the last quarter. MFA Wealth Advisors LLC raised its position in shares of Exxon Mobil by 5.1% during the fourth quarter. MFA Wealth Advisors LLC now owns 41,705 shares of the oil and gas company’s stock worth $4,486,000 after acquiring an additional 2,009 shares during the last quarter. Canvas Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 4.0% during the fourth quarter. Canvas Wealth Advisors LLC now owns 4,464 shares of the oil and gas company’s stock valued at $480,000 after acquiring an additional 173 shares during the period. Angeles Wealth Management LLC boosted its holdings in Exxon Mobil by 27.1% in the fourth quarter. Angeles Wealth Management LLC now owns 29,842 shares of the oil and gas company’s stock valued at $3,210,000 after acquiring an additional 6,364 shares during the last quarter. Finally, Wealthstar Advisors LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $1,800,000. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.25.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $107.37 on Thursday. The company has a market capitalization of $471.90 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 2.94 and a beta of 0.89. The business’s 50-day moving average price is $109.16 and its two-hundred day moving average price is $114.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 business posted $2.48 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.69%. Exxon Mobil’s payout ratio 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.