GDS Wealth Management lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 19.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the oil and gas company’s stock after selling 570 shares during the period. GDS Wealth Management’s holdings in Exxon Mobil were worth $265,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC raised its stake in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new stake in shares of Exxon Mobil in the 1st quarter worth $275,000. Loomis Sayles & Co. L P raised its stake in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares in the last quarter. Ergoteles LLC raised its stake in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth $237,000. Institutional investors own 57.49% of the company’s stock.
Analysts Set New Price Targets
XOM has been the topic of a number of research reports. Piper Sandler dropped their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Cowen boosted their price objective on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.91.
Insider Activity
Exxon Mobil Stock Performance
Shares of XOM stock opened at $115.35 on Wednesday. Exxon Mobil Co. has a 1-year low of $79.29 and a 1-year high of $119.63. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $469.59 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.54 and a beta of 1.08. The stock’s fifty day simple moving average is $110.74 and its 200-day simple moving average is $108.50.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.98 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio is 27.45%.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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