Exxon Mobil Co. (NYSE:XOM) Shares Sold by Burt Wealth Advisors

Burt Wealth Advisors reduced its position in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,925 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Burt Wealth Advisors’ holdings in Exxon Mobil were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of XOM. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $80,000. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth approximately $91,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth approximately $92,000. TFO Wealth Partners LLC raised its stake in shares of Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in shares of Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $121.05 on Wednesday. The company has a market cap of $479.15 billion, a P/E ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The business’s 50-day simple moving average is $112.29 and its 200 day simple moving average is $106.41.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the business posted $3.40 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on XOM shares. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company increased their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Truist Financial increased their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.