Guinness Atkinson Asset Management Inc lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,608 shares of the oil and gas company’s stock after selling 1,086 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Exxon Mobil were worth $1,060,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in Exxon Mobil in the third quarter worth approximately $44,000. Institutional investors own 57.49% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on XOM. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Truist Financial boosted their price objective on shares of Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Cowen boosted their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Bank of America boosted their price objective on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Finally, Barclays lifted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.61.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Price Performance
Shares of XOM opened at $116.01 on Monday. Exxon Mobil Co. has a 1-year low of $79.29 and a 1-year high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The firm has a market capitalization of $470.92 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company’s fifty day moving average price is $111.04 and its 200-day moving average price is $109.95.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same period in the prior year, the company earned $2.05 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 9.9 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s 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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