Advocate Group LLC Sells 9,478 Shares of Exxon Mobil Co. (NYSE:XOM)

Advocate Group LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 29.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,659 shares of the oil and gas company’s stock after selling 9,478 shares during the period. Advocate Group LLC’s holdings in Exxon Mobil were worth $2,437,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GSB Wealth Management LLC boosted its stake in shares of Exxon Mobil by 19.8% during the 4th quarter. GSB Wealth Management LLC now owns 22,165 shares of the oil and gas company’s stock worth $2,384,000 after acquiring an additional 3,669 shares during the last quarter. Grimes & Company Inc. raised its holdings in Exxon Mobil by 10.0% during the 4th quarter. Grimes & Company Inc. now owns 77,627 shares of the oil and gas company’s stock valued at $8,350,000 after buying an additional 7,072 shares during the period. Lantz Financial LLC lifted its position in Exxon Mobil by 3.2% in the fourth quarter. Lantz Financial LLC now owns 22,358 shares of the oil and gas company’s stock worth $2,405,000 after buying an additional 691 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Exxon Mobil by 16.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 20,066 shares of the oil and gas company’s stock worth $2,158,000 after buying an additional 2,787 shares during the period. Finally, Cyndeo Wealth Partners LLC increased its position in Exxon Mobil by 0.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 92,196 shares of the oil and gas company’s stock valued at $9,918,000 after acquiring an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Up 1.4 %

Shares of Exxon Mobil stock opened at $110.16 on Tuesday. The firm’s 50 day simple moving average is $111.56 and its two-hundred day simple moving average is $115.44. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $484.16 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the firm posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil’s payout ratio is presently 49.32%.

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.