Pekin Hardy Strauss Inc. Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Pekin Hardy Strauss Inc. reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,747 shares of the oil and gas company’s stock after selling 1,807 shares during the quarter. Exxon Mobil accounts for 1.7% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 5th biggest position. Pekin Hardy Strauss Inc.’s holdings in Exxon Mobil were worth $13,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil in the third quarter worth approximately $51,000. Finally, Compass Financial Services Inc purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $48,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $109.75 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $476.20 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $103.05 and a 12 month high of $126.34. The firm has a 50 day moving average of $108.69 and a two-hundred day moving average of $114.37.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction 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 approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.