Atomi Financial Group Inc. Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Atomi Financial Group Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,709 shares of the oil and gas company’s stock after selling 6,953 shares during the period. Atomi Financial Group Inc.’s holdings in Exxon Mobil were worth $5,347,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XOM. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the second quarter valued at approximately $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $63,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Up 0.5 %

NYSE:XOM opened at $110.12 on Friday. The stock has a fifty day moving average price of $111.98 and a two-hundred day moving average price of $115.44. The stock has a market capitalization of $483.97 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $97.74 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Exxon Mobil Company 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.