Sigma Investment Counselors Inc. Sells 1,472 Shares of Exxon Mobil Co. (NYSE:XOM)

Sigma Investment Counselors Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,500 shares of the oil and gas company’s stock after selling 1,472 shares during the period. Sigma Investment Counselors Inc.’s holdings in Exxon Mobil were worth $5,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Exxon Mobil in the fourth quarter worth approximately $495,000. Forvis Mazars Wealth Advisors LLC raised its stake in Exxon Mobil by 0.4% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 57,220 shares of the oil and gas company’s stock worth $6,155,000 after buying an additional 205 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its holdings in Exxon Mobil by 14.7% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 2,113 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 271 shares during the last quarter. Lansing Street Advisors grew its holdings in Exxon Mobil by 119.5% in the fourth quarter. Lansing Street Advisors now owns 3,885 shares of the oil and gas company’s stock worth $418,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Howard Capital Management Inc. grew its holdings in Exxon Mobil by 4.1% in the fourth quarter. Howard Capital Management Inc. now owns 46,036 shares of the oil and gas company’s stock worth $4,952,000 after purchasing an additional 1,802 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $109.75 on Wednesday. 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 firm has a fifty day moving average price of $108.69 and a 200 day moving average price of $114.37. Exxon Mobil Co. has a 1 year low of $103.05 and a 1 year high of $126.34. The stock has a market cap of $476.20 billion, a P/E ratio of 14.00, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm earned $2.48 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

Several equities analysts have issued reports on XOM shares. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s 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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.