Stonehearth Capital Management LLC Sells 431 Shares of Exxon Mobil Co. (NYSE:XOM)

Stonehearth Capital Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,656 shares of the oil and gas company’s stock after selling 431 shares during the quarter. Exxon Mobil comprises 0.5% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Stonehearth Capital Management LLC’s holdings in Exxon Mobil were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the second quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the 3rd quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded up $1.72 during trading on Tuesday, reaching $109.46. 4,765,087 shares of the company traded hands, compared to its average volume of 11,712,998. The company has a market cap of $481.09 billion, a P/E ratio of 13.63, a PEG ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a fifty day simple moving average of $114.23 and a 200 day simple moving average of $115.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.74.

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.