Exxon Mobil Co. (NYSE:XOM) Stock Position Decreased by LRI Investments LLC

LRI Investments LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 37,745 shares of the oil and gas company’s stock after selling 2,025 shares during the period. LRI Investments LLC’s holdings in Exxon Mobil were worth $4,060,000 as of its most recent filing with the Securities & Exchange Commission.

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

Exxon Mobil Price Performance

XOM stock opened at $107.38 on Monday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a 50-day moving average of $108.97 and a two-hundred day moving average of $111.09. The firm has a market capitalization of $464.45 billion, a PE ratio of 13.70, a P/E/G ratio of 3.02 and a beta of 0.51. 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 issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil’s payout ratio is presently 52.52%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Exxon Mobil 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.