BLB&B Advisors LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

BLB&B Advisors LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,329 shares of the oil and gas company’s stock after selling 1,731 shares during the period. BLB&B Advisors LLC’s holdings in Exxon Mobil were worth $6,167,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter valued at approximately $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $63,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.9 %

Shares of XOM stock opened at $110.98 on Tuesday. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a market cap of $487.75 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.94 and a beta of 0.89. 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 50 day simple moving average of $109.41 and a 200-day simple moving average of $114.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $2.48 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Truist Financial raised their price target 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, Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

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.