B. Riley Wealth Advisors Inc. Trims Position in Exxon Mobil Co. (NYSE:XOM)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 241,984 shares of the oil and gas company’s stock after selling 32,666 shares during the period. Exxon Mobil accounts for approximately 0.9% of B. Riley Wealth Advisors Inc.’s portfolio, making the stock its 14th biggest position. B. Riley Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $26,030,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. 10Elms LLP purchased a new position in shares of Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $36,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

Exxon Mobil stock opened at $103.11 on Friday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week 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 company has a market capitalization of $444.36 billion, a P/E ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.51. The stock has a 50-day simple moving average of $108.26 and a 200-day simple moving average of $110.33.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Analysts Set New Price Targets

Several research analysts recently commented on XOM shares. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday. Finally, Piper Sandler lowered their price objective on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

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.