Dechtman Wealth Management LLC Has $1.63 Million Position in Exxon Mobil Co. (NYSE:XOM)

Dechtman Wealth Management LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,173 shares of the oil and gas company’s stock after selling 159 shares during the quarter. Exxon Mobil accounts for about 0.3% of Dechtman Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Dechtman Wealth Management LLC’s holdings in Exxon Mobil were worth $1,632,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of XOM. Principal Financial Group Inc. grew its holdings in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after buying an additional 521,932 shares during the period. United Bank increased its position in shares of Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after acquiring an additional 641 shares during the last quarter. Algert Global LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $2,262,000. Loomis Sayles & Co. L P increased its stake in shares of Exxon Mobil by 51.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 111,476 shares of the oil and gas company’s stock worth $13,067,000 after purchasing an additional 38,104 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in Exxon Mobil by 28.9% in the third quarter. Truvestments Capital LLC now owns 3,947 shares of the oil and gas company’s stock valued at $463,000 after buying an additional 884 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.7 %

Shares of XOM stock opened at $116.61 on Wednesday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company’s fifty day simple moving average is $110.36 and its two-hundred day simple moving average is $113.61. 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 $505.99 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 in the previous year, the company earned $2.48 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Scotiabank reduced their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.