Traynor Capital Management Inc. Sells 5,933 Shares of Exxon Mobil Co. (NYSE:XOM)

Traynor Capital Management Inc. reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 18.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,913 shares of the oil and gas company’s stock after selling 5,933 shares during the period. Traynor Capital Management Inc.’s holdings in Exxon Mobil were worth $2,787,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AXA S.A. grew its holdings in shares of Exxon Mobil by 18.5% in the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after purchasing an additional 20,475 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake in Exxon Mobil by 297.3% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company’s stock worth $4,046,000 after acquiring an additional 26,300 shares in the last quarter. Comerica Bank increased its position in shares of Exxon Mobil by 5.4% during the second quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company’s stock worth $180,827,000 after acquiring an additional 80,818 shares during the period. Oliver Lagore Vanvalin Investment Group raised its stake in shares of Exxon Mobil by 24.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 4,770 shares of the oil and gas company’s stock valued at $549,000 after acquiring an additional 937 shares in the last quarter. Finally, Arkos Global Advisors boosted its holdings in shares of Exxon Mobil by 21.8% in the second quarter. Arkos Global Advisors now owns 4,124 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 737 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.4 %

NYSE:XOM opened at $108.64 on Friday. The company’s 50 day moving average is $111.56 and its two-hundred day moving average is $115.38. The company has a market cap of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $99.61 and a twelve month high of $126.34. 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 released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Piper Sandler cut their target price 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. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.84.

About Exxon Mobil

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.