Exxon Mobil Co. (NYSE:XOM) Stock Holdings Reduced by Encompass Wealth Advisors LLC

Encompass Wealth Advisors LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 38.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,650 shares of the oil and gas company’s stock after selling 2,247 shares during the quarter. Encompass Wealth Advisors LLC’s holdings in Exxon Mobil were worth $393,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. InTrack Investment Management Inc lifted its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. InTrack Investment Management Inc now owns 12,566 shares of the oil and gas company’s stock valued at $1,473,000 after purchasing an additional 370 shares during the last quarter. Retirement Planning Group LLC raised its holdings in Exxon Mobil by 73.1% during the third quarter. Retirement Planning Group LLC now owns 14,473 shares of the oil and gas company’s stock valued at $1,697,000 after buying an additional 6,110 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of Exxon Mobil by 0.8% in the third quarter. Carnegie Investment Counsel now owns 50,331 shares of the oil and gas company’s stock worth $5,899,000 after buying an additional 385 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Exxon Mobil by 1.6% during the 3rd quarter. CHICAGO TRUST Co NA now owns 57,654 shares of the oil and gas company’s stock valued at $6,758,000 after acquiring an additional 927 shares during the last quarter. Finally, Bright Financial Advisors Inc. lifted its holdings in Exxon Mobil by 6.8% in the 3rd quarter. Bright Financial Advisors Inc. now owns 5,074 shares of the oil and gas company’s stock worth $595,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

Shares of NYSE:XOM opened at $108.87 on Monday. The company’s fifty day moving average is $109.41 and its 200-day moving average is $114.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The company has a market capitalization of $478.49 billion, a PE ratio of 13.89, a P/E/G ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 last year, the business earned $2.48 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. Exxon Mobil’s dividend payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on XOM shares. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.25.

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.