Exxon Mobil Co. (NYSE:XOM) Holdings Decreased by Sharp Financial Services LLC

Sharp Financial Services LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 17,750 shares of the oil and gas company’s stock after selling 306 shares during the period. Exxon Mobil makes up about 1.4% of Sharp Financial Services LLC’s portfolio, making the stock its 15th biggest position. Sharp Financial Services LLC’s holdings in Exxon Mobil were worth $1,909,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $63,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Piper Sandler cut their price objective 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. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Down 1.4 %

Shares of Exxon Mobil stock opened at $108.64 on Friday. The company has a market cap of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 year high of $126.34. The company’s fifty day simple moving average is $111.77 and its 200-day simple moving average is $115.41. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current 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 issued a $0.99 dividend. This is a boost 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 yield of 3.65%. Exxon Mobil’s dividend payout ratio is 49.32%.

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.