AMJ Financial Wealth Management Sells 233 Shares of Exxon Mobil Co. (NYSE:XOM)

AMJ Financial Wealth Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,646 shares of the oil and gas company’s stock after selling 233 shares during the period. AMJ Financial Wealth Management’s holdings in Exxon Mobil were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XOM. Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth $63,000. Quintet Private Bank Europe S.A. lifted its position in shares of Exxon Mobil by 14.7% during the third quarter. Quintet Private Bank Europe S.A. now owns 48,971 shares of the oil and gas company’s stock worth $5,740,000 after acquiring an additional 6,259 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of Exxon Mobil by 5.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 34,140 shares of the oil and gas company’s stock worth $4,009,000 after acquiring an additional 1,651 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth $352,000. Finally, Solitude Financial Services lifted its position in shares of Exxon Mobil by 35.0% during the third quarter. Solitude Financial Services now owns 28,048 shares of the oil and gas company’s stock worth $3,288,000 after acquiring an additional 7,272 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.9 %

Shares of NYSE:XOM opened at $105.51 on Thursday. The stock’s 50-day moving average price is $108.98 and its 200-day moving average price is $113.98. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The stock has a market capitalization of $457.82 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 period in the prior year, the firm earned $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.75%. Exxon Mobil’s payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Scotiabank lowered their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by 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.