Exxon Mobil Co. (NYSE:XOM) Position Trimmed by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 38,248 shares of the oil and gas company’s stock after selling 614 shares during the period. Exxon Mobil makes up approximately 1.6% of San Luis Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. San Luis Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,824,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in XOM. Intrepid Capital Management Inc. increased its holdings in Exxon Mobil by 1.2% in the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock valued at $850,000 after buying an additional 92 shares during the period. Traynor Capital Management Inc. lifted its position in shares of Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 94 shares during the period. Money Concepts Capital Corp lifted its position in shares of Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares during the period. Defined Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 96 shares during the period. Finally, Fluent Financial LLC lifted its position in shares of Exxon Mobil by 2.8% in the 3rd quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Mizuho lifted their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.18.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.05 on Thursday. The company has a fifty day moving average price of $104.98 and a 200-day moving average price of $105.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market cap of $456.50 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.40 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.