Weatherly Asset Management L. P. Sells 509 Shares of Exxon Mobil Co. (NYSE:XOM)

Weatherly Asset Management L. P. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 12,601 shares of the oil and gas company’s stock after selling 509 shares during the period. Weatherly Asset Management L. P.’s holdings in Exxon Mobil were worth $1,260,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $80,000. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the third quarter valued at $91,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Exxon Mobil in the third quarter valued at $92,000. TFO Wealth Partners LLC boosted its stake in 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 valued at $104,000 after buying an additional 525 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in 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 valued at $106,000 after buying an additional 792 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.0 %

XOM stock opened at $121.05 on Thursday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market cap of $479.15 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96. The business has a 50 day moving average of $112.69 and a 200 day moving average of $106.51.

Exxon Mobil (NYSE:XOM) last issued 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% compared to the same quarter last year. During the same period last year, the business posted $3.40 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XOM shares. Truist Financial lifted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. TD Cowen upped their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company increased their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.