Exxon Mobil Co. (NYSE:XOM) Shares Sold by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,208 shares of the oil and gas company’s stock after selling 144 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Exxon Mobil were worth $991,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. KilterHowling LLC grew its stake in shares of Exxon Mobil by 58.3% during the 4th quarter. KilterHowling LLC now owns 8,498 shares of the oil and gas company’s stock worth $912,000 after purchasing an additional 3,131 shares during the period. NewEdge Advisors LLC boosted its holdings in Exxon Mobil by 4.5% during the fourth quarter. NewEdge Advisors LLC now owns 631,160 shares of the oil and gas company’s stock worth $67,894,000 after buying an additional 27,144 shares in the last quarter. Iron Gate Global Advisors LLC increased its holdings in Exxon Mobil by 1.9% in the fourth quarter. Iron Gate Global Advisors LLC now owns 9,137 shares of the oil and gas company’s stock valued at $983,000 after buying an additional 168 shares in the last quarter. Stonehaven Wealth & Tax Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $313,000. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Exxon Mobil by 2.7% during the 4th quarter. Main Street Financial Solutions LLC now owns 69,310 shares of the oil and gas company’s stock worth $7,456,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on XOM shares. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $126.75.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $103.08 on Wednesday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50 day moving average price of $110.10 and a 200 day moving average price of $113.03. The company has a market cap of $445.85 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.61.

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 analysts’ consensus estimates 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 period in the previous year, the company earned $2.48 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. 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.