Advisors Capital Management LLC Trims Position in Exxon Mobil Co. (NYSE:XOM)

Advisors Capital Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,978 shares of the oil and gas company’s stock after selling 2,075 shares during the quarter. Advisors Capital Management LLC’s holdings in Exxon Mobil were worth $11,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. UBS Group decreased their price objective on Exxon Mobil from $146.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.95.

Exxon Mobil Stock Up 3.1 %

XOM stock opened at $103.05 on Monday. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $445.70 billion, a PE ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $110.33 and a two-hundred day simple moving average of $113.19.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.