Forbes J M & Co. LLP Sells 233 Shares of Exxon Mobil Co. (NYSE:XOM)

Forbes J M & Co. LLP trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,989 shares of the oil and gas company’s stock after selling 233 shares during the period. Forbes J M & Co. LLP’s holdings in Exxon Mobil were worth $4,732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Paladin Wealth LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $151,000. Fiduciary Alliance LLC increased its stake in Exxon Mobil by 217.5% in the third quarter. Fiduciary Alliance LLC now owns 66,757 shares of the oil and gas company’s stock worth $7,825,000 after purchasing an additional 45,734 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Exxon Mobil by 1.8% during the third quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock worth $830,000 after purchasing an additional 126 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Exxon Mobil by 4.8% during the third quarter. Sivia Capital Partners LLC now owns 10,920 shares of the oil and gas company’s stock valued at $1,280,000 after purchasing an additional 501 shares during the period. Finally, CX Institutional grew its holdings in shares of Exxon Mobil by 8.3% in the third quarter. CX Institutional now owns 82,946 shares of the oil and gas company’s stock worth $9,723,000 after purchasing an additional 6,332 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XOM. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Scotiabank lowered their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

NYSE XOM opened at $111.71 on Wednesday. The firm’s fifty day simple moving average is $109.28 and its two-hundred day simple moving average is $114.92. The firm has a market capitalization of $490.98 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.94 and a beta of 0.89. 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 Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the previous year, the company earned $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

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.