Reliant Investment Management LLC Sells 209 Shares of Exxon Mobil Co. (NYSE:XOM)

Reliant Investment Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,734 shares of the oil and gas company’s stock after selling 209 shares during the quarter. Reliant Investment Management LLC’s holdings in Exxon Mobil were worth $1,262,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the period. Legal & General Group Plc grew its holdings in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Franklin Resources Inc. increased its stake in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Exxon Mobil by 117.5% during the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after purchasing an additional 4,142,171 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One equities research 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’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Down 1.8 %

Shares of XOM stock opened at $109.46 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $481.07 billion, a P/E ratio of 13.63, a PEG ratio of 2.98 and a beta of 0.91. The company has a 50 day moving average of $112.22 and a 200-day moving average of $115.48. Exxon Mobil Co. has a 12-month low of $96.73 and a 12-month high of $126.34.

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

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.