Burt Wealth Advisors Sells 222 Shares of Exxon Mobil Co. (NYSE:XOM)

Burt Wealth Advisors lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,962 shares of the oil and gas company’s stock after selling 222 shares during the period. Burt Wealth Advisors’ holdings in Exxon Mobil were worth $1,072,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Compass Financial Services Inc acquired a new position in Exxon Mobil during the 4th quarter worth approximately $48,000. Finally, Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $51,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $105.51 on Thursday. The stock has a fifty day simple moving average of $108.98 and a two-hundred day simple moving average of $113.98. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a market cap of $457.82 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. 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 announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.75%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.