Exxon Mobil Co. (NYSE:XOM) Position Lowered by Scott & Selber Inc.

Scott & Selber Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,991 shares of the oil and gas company’s stock after selling 981 shares during the period. Exxon Mobil comprises about 1.4% of Scott & Selber Inc.’s investment portfolio, making the stock its 17th biggest holding. Scott & Selber Inc.’s holdings in Exxon Mobil were worth $4,732,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the fourth quarter worth about $47,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter worth about $51,000. Finally, Compass Financial Services Inc bought a new position in Exxon Mobil in the fourth quarter worth about $48,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $107.55 on Wednesday. Exxon Mobil Co. has a 12 month low of $104.32 and a 12 month high of $126.34. 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 market capitalization of $466.67 billion, a PE ratio of 13.72, a P/E/G ratio of 3.02 and a beta of 0.89. The company’s 50 day simple moving average is $109.00 and its 200 day simple moving average is $114.04.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 posted $2.48 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS 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. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Truist Financial raised their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred 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 transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.