Lipe & Dalton Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Lipe & Dalton decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,383 shares of the oil and gas company’s stock after selling 100 shares during the period. Lipe & Dalton’s holdings in Exxon Mobil were worth $256,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Rockline Wealth Management LLC boosted its stake in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after buying an additional 1,498 shares during the period. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares in the last quarter. Helen Stephens Group LLC boosted its position in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after purchasing an additional 6,753 shares in the last quarter. Finally, Parthenon LLC increased its position in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after purchasing an additional 4,445 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.4 %

Shares of NYSE XOM opened at $109.75 on Wednesday. The company has a market cap of $476.20 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 3.02 and a beta of 0.89. 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 firm’s fifty day moving average is $108.69 and its 200 day moving average is $114.37. Exxon Mobil Co. has a 52 week low of $103.05 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company earned $2.48 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.