Lane & Associates LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Lane & Associates LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,123 shares of the oil and gas company’s stock after selling 1,098 shares during the quarter. Lane & Associates LLC’s holdings in Exxon Mobil were worth $440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Heritage Oak Wealth Advisors LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $348,000. Bank of Stockton increased its stake in shares of Exxon Mobil by 108.1% during the third quarter. Bank of Stockton now owns 22,320 shares of the oil and gas company’s stock valued at $2,616,000 after buying an additional 11,596 shares during the period. Sigma Investment Counselors Inc. raised its holdings in shares of Exxon Mobil by 1.0% during the third quarter. Sigma Investment Counselors Inc. now owns 52,972 shares of the oil and gas company’s stock valued at $6,209,000 after acquiring an additional 528 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in Exxon Mobil by 3.5% in the third quarter. Joel Isaacson & Co. LLC now owns 69,825 shares of the oil and gas company’s stock worth $8,185,000 after acquiring an additional 2,364 shares during the period. Finally, Burford Brothers Inc. boosted its holdings in Exxon Mobil by 1.8% in the third quarter. Burford Brothers Inc. now owns 40,494 shares of the oil and gas company’s stock valued at $4,747,000 after acquiring an additional 727 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $111.18 on Tuesday. The company has a market cap of $482.42 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 3.02 and a beta of 0.89. The business’s fifty day simple moving average is $108.65 and its two-hundred day simple moving average is $114.44. Exxon Mobil Co. has a 12 month low of $103.05 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 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 period in the previous year, the firm earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.