Exxon Mobil Co. (NYSE:XOM) Stake Lessened by Courier Capital LLC

Courier Capital LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 81,740 shares of the oil and gas company’s stock after selling 7,220 shares during the quarter. Courier Capital LLC’s holdings in Exxon Mobil were worth $8,793,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the second quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at about $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.6 %

Shares of Exxon Mobil stock opened at $109.27 on Tuesday. The business has a fifty day simple moving average of $113.31 and a 200-day simple moving average of $115.61. The firm has a market cap of $480.25 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $2.27 EPS. The business’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 fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, BMO Capital Markets upped their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.