CFS Investment Advisory Services LLC Sells 269 Shares of Exxon Mobil Co. (NYSE:XOM)

CFS Investment Advisory Services LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,912 shares of the oil and gas company’s stock after selling 269 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Exxon Mobil were worth $4,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. GSB Wealth Management LLC grew its position in shares of Exxon Mobil by 19.8% during the 4th quarter. GSB Wealth Management LLC now owns 22,165 shares of the oil and gas company’s stock valued at $2,384,000 after acquiring an additional 3,669 shares during the period. Grimes & Company Inc. raised its position in shares of Exxon Mobil by 10.0% during the fourth quarter. Grimes & Company Inc. now owns 77,627 shares of the oil and gas company’s stock valued at $8,350,000 after buying an additional 7,072 shares during the last quarter. Lantz Financial LLC grew its stake in Exxon Mobil by 3.2% during the fourth quarter. Lantz Financial LLC now owns 22,358 shares of the oil and gas company’s stock valued at $2,405,000 after acquiring an additional 691 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Exxon Mobil by 16.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 20,066 shares of the oil and gas company’s stock valued at $2,158,000 after acquiring an additional 2,787 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 0.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 92,196 shares of the oil and gas company’s stock valued at $9,918,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Exxon Mobil stock opened at $110.16 on Tuesday. The company has a market capitalization of $484.16 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The stock has a 50-day moving average price of $111.56 and a 200 day moving average price of $115.44. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $2.27 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Finally, Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil 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.