Tilia Fiduciary Partners Inc. Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Tilia Fiduciary Partners Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,012 shares of the oil and gas company’s stock after selling 330 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Exxon Mobil were worth $432,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vertex Planning Partners LLC lifted its stake in shares of Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares during the period. Etfidea LLC raised its holdings in Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC lifted its position in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares during the period. CBIZ Investment Advisory Services LLC increased its position in Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the period. Finally, First Heartland Consultants Inc. raised its stake in shares of Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on XOM shares. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One 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 assigned 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 $128.74.

Exxon Mobil Trading Down 0.4 %

Shares of NYSE:XOM traded down $0.39 during trading on Friday, reaching $106.54. The stock had a trading volume of 18,642,797 shares, compared to its average volume of 14,452,242. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The business has a fifty day moving average price of $113.66 and a 200-day moving average price of $115.69. The stock has a market cap of $468.25 billion, a P/E ratio of 13.27, a PEG ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.