Bell Investment Advisors Inc Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Bell Investment Advisors Inc reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,668 shares of the oil and gas company’s stock after selling 106 shares during the period. Bell Investment Advisors Inc’s holdings in Exxon Mobil were worth $395,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. SLT Holdings LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $796,000. Sound View Wealth Advisors Group LLC grew its position in shares of Exxon Mobil by 3.8% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 69,575 shares of the oil and gas company’s stock worth $7,484,000 after buying an additional 2,547 shares during the last quarter. Enterprise Financial Services Corp grew its position in shares of Exxon Mobil by 4.7% in the 4th quarter. Enterprise Financial Services Corp now owns 16,865 shares of the oil and gas company’s stock worth $1,814,000 after buying an additional 763 shares during the last quarter. Sowell Financial Services LLC grew its position in shares of Exxon Mobil by 0.9% in the 4th quarter. Sowell Financial Services LLC now owns 124,399 shares of the oil and gas company’s stock worth $13,382,000 after buying an additional 1,112 shares during the last quarter. Finally, Argentarii LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $3,683,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. UBS Group cut their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 1.3 %

XOM stock opened at $109.05 on Monday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The business has a fifty day moving average price of $109.05 and a 200-day moving average price of $113.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $473.20 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm posted $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This 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 can be accessed through the SEC website. Company 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.