Exxon Mobil Co. (NYSE:XOM) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,743 shares of the oil and gas company’s stock after selling 192 shares during the period. Acropolis Investment Management LLC’s holdings in Exxon Mobil were worth $3,092,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the second quarter valued at $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XOM shares. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.