Addison Advisors LLC Has $2.23 Million Position in Exxon Mobil Co. (NYSE:XOM)

Addison Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,697 shares of the oil and gas company’s stock after selling 872 shares during the period. Addison Advisors LLC’s holdings in Exxon Mobil were worth $2,226,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in XOM. Peterson Wealth Advisors LLC increased its stake in Exxon Mobil by 2.8% in the third quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock valued at $2,594,000 after acquiring an additional 593 shares during the period. IVC Wealth Advisors LLC raised its position in Exxon Mobil by 36.3% in the third quarter. IVC Wealth Advisors LLC now owns 9,967 shares of the oil and gas company’s stock worth $1,168,000 after purchasing an additional 2,655 shares in the last quarter. Insight Folios Inc raised its position in Exxon Mobil by 4.7% in the third quarter. Insight Folios Inc now owns 72,329 shares of the oil and gas company’s stock worth $8,478,000 after purchasing an additional 3,232 shares in the last quarter. FSA Advisors Inc. raised its position in Exxon Mobil by 3.6% in the third quarter. FSA Advisors Inc. now owns 3,006 shares of the oil and gas company’s stock worth $351,000 after purchasing an additional 104 shares in the last quarter. Finally, Southern Capital Advisors LLC raised its position in Exxon Mobil by 14.9% in the third quarter. Southern Capital Advisors LLC now owns 5,483 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 713 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XOM. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $109.43 on Thursday. Exxon Mobil Co. has a 52-week low of $103.85 and a 52-week high of $126.34. The stock has a market cap of $474.84 billion, a PE ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s 50 day moving average price is $108.75 and its two-hundred day moving average price is $114.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm earned $2.48 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.