Tacita Capital Inc Sells 300 Shares of Exxon Mobil Co. (NYSE:XOM)

Tacita Capital Inc reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408 shares of the oil and gas company’s stock after selling 300 shares during the period. Tacita Capital Inc’s holdings in Exxon Mobil were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. WMG Financial Advisors LLC raised its holdings in Exxon Mobil by 6.0% in the fourth quarter. WMG Financial Advisors LLC now owns 8,715 shares of the oil and gas company’s stock worth $938,000 after purchasing an additional 492 shares in the last quarter. Unified Investment Management purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $545,000. Wernau Asset Management Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth about $576,000. Meridian Wealth Management LLC lifted its position in Exxon Mobil by 1.5% during the 4th quarter. Meridian Wealth Management LLC now owns 719,186 shares of the oil and gas company’s stock valued at $77,363,000 after acquiring an additional 10,895 shares during the period. Finally, Kelly Financial Group LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $225,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.2 %

XOM opened at $107.55 on Wednesday. Exxon Mobil Co. has a twelve month low of $104.32 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $109.00 and a 200-day moving average price of $114.04. The stock has a market capitalization of $466.67 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 3.02 and a beta of 0.89.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. 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 issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently 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 the company’s stock in a transaction dated Tuesday, February 4th. The shares were 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 of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.