BlueChip Wealth Advisors LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

BlueChip Wealth Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,650 shares of the oil and gas company’s stock after selling 1,403 shares during the period. BlueChip Wealth Advisors LLC’s holdings in Exxon Mobil were worth $393,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of XOM. Allianz SE acquired a new position in shares of Exxon Mobil during the fourth quarter worth $20,896,000. Gardner Russo & Quinn LLC increased its stake in Exxon Mobil by 0.4% during the 4th quarter. Gardner Russo & Quinn LLC now owns 188,953 shares of the oil and gas company’s stock worth $20,326,000 after buying an additional 720 shares during the period. WealthTrak Capital Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth $221,000. Intrust Bank NA grew its stake in shares of Exxon Mobil by 2.0% during the fourth quarter. Intrust Bank NA now owns 49,845 shares of the oil and gas company’s stock valued at $5,362,000 after acquiring an additional 993 shares in the last quarter. Finally, OneAscent Wealth Management LLC increased its position in shares of Exxon Mobil by 16.0% during the fourth quarter. OneAscent Wealth Management LLC now owns 6,540 shares of the oil and gas company’s stock worth $703,000 after acquiring an additional 904 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

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 transaction of $231,000.00. Following the completion of the transaction, the vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

Exxon Mobil stock opened at $117.66 on Friday. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $510.53 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. The firm has a 50-day moving average price of $110.73 and a two-hundred day moving average price of $113.69.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group decreased 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. Finally, Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.05.

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.