Oxford Financial Group LTD. LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Oxford Financial Group LTD. LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,671 shares of the oil and gas company’s stock after selling 621 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Exxon Mobil were worth $2,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Principal Financial Group Inc. grew its holdings in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank boosted its stake in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after buying an additional 641 shares during the period. Quest Partners LLC boosted its stake in Exxon Mobil by 157.5% during the third quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock worth $1,046,000 after buying an additional 5,459 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Exxon Mobil by 8.1% during the third quarter. Citizens Financial Group Inc. RI now owns 321,423 shares of the oil and gas company’s stock worth $37,677,000 after buying an additional 24,138 shares during the period. Finally, Cornerstone Advisors LLC boosted its stake in Exxon Mobil by 7.1% during the third quarter. Cornerstone Advisors LLC now owns 264,427 shares of the oil and gas company’s stock worth $30,996,000 after buying an additional 17,600 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on XOM shares. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays dropped their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday. HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $115.84 on Friday. The company has a market capitalization of $502.63 billion, a PE ratio of 14.78, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a 50-day simple moving average of $109.92 and a two-hundred day simple moving average of $113.60. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 company earned $2.48 earnings per share. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal 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 issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.42%. Exxon Mobil’s dividend 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.