D Orazio & Associates Inc. Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

D Orazio & Associates Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,432 shares of the oil and gas company’s stock after selling 217 shares during the period. D Orazio & Associates Inc.’s holdings in Exxon Mobil were worth $1,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingsview Wealth Management LLC grew its stake in shares of Exxon Mobil by 8.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 144,843 shares of the oil and gas company’s stock worth $15,581,000 after buying an additional 11,632 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Exxon Mobil by 7.3% during the fourth quarter. Apollon Wealth Management LLC now owns 176,183 shares of the oil and gas company’s stock worth $18,952,000 after acquiring an additional 12,034 shares during the last quarter. Byrne Asset Management LLC increased its stake in Exxon Mobil by 2.1% during the fourth quarter. Byrne Asset Management LLC now owns 9,953 shares of the oil and gas company’s stock worth $1,071,000 after acquiring an additional 206 shares during the last quarter. Apollon Financial LLC increased its stake in Exxon Mobil by 44.3% during the fourth quarter. Apollon Financial LLC now owns 14,523 shares of the oil and gas company’s stock worth $1,562,000 after acquiring an additional 4,462 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its stake in Exxon Mobil by 0.3% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 206,476 shares of the oil and gas company’s stock worth $22,211,000 after acquiring an additional 703 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.71 on Wednesday. The firm has a market cap of $490.98 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89. The company’s 50 day moving average is $109.28 and its 200 day moving average is $114.92. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34.

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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business earned $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 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 note on Thursday, December 19th. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Company 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.