Guinness Atkinson Asset Management Inc Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Guinness Atkinson Asset Management Inc reduced its position in Exxon Mobil Co. (NYSE:XOM) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,933 shares of the oil and gas company’s stock after selling 537 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Exxon Mobil were worth $531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter valued at $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil during the third quarter worth about $63,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Down 1.8 %

Shares of XOM stock opened at $109.46 on Thursday. The stock has a 50 day simple moving average of $112.22 and a 200 day simple moving average of $115.48. 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 Co. has a 1 year low of $96.73 and a 1 year high of $126.34. The stock has a market cap of $481.07 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company 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 for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

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.