Exxon Mobil Co. (NYSE:XOM) Shares Sold by Presilium Private Wealth LLC

Presilium Private Wealth LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 21.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,399 shares of the oil and gas company’s stock after selling 5,259 shares during the period. Exxon Mobil comprises approximately 0.5% of Presilium Private Wealth LLC’s portfolio, making the stock its 25th largest holding. Presilium Private Wealth LLC’s holdings in Exxon Mobil were worth $2,087,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Vertex Planning Partners LLC grew its position 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 in the last quarter. Etfidea LLC grew its position in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 85 shares in the last quarter. First Heartland Consultants Inc. grew its position in shares of Exxon Mobil by 0.9% in 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 acquiring an additional 87 shares in the last quarter. Latitude Advisors LLC grew its position in shares of Exxon Mobil by 0.7% in the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after acquiring an additional 88 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC grew its position in shares of Exxon Mobil by 0.6% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 88 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.6 %

XOM stock opened at $111.44 on Thursday. The firm has a market cap of $489.79 billion, a PE ratio of 13.88, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a 50 day simple moving average of $113.12 and a 200 day simple moving average of $115.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. Equities research analysts forecast 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. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.