GLOBALT Investments LLC GA Has $5.09 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

GLOBALT Investments LLC GA cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,281 shares of the oil and gas company’s stock after selling 285 shares during the period. GLOBALT Investments LLC GA’s holdings in Exxon Mobil were worth $5,086,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $111.98 on Monday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The company has a fifty day moving average price of $109.34 and a 200-day moving average price of $113.63.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 business posted $2.48 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target 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. Mizuho dropped their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bernstein Bank boosted their price target 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. Piper Sandler dropped their target price 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. Finally, HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’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 owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.