McAlister Sweet & Associates Inc. Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

McAlister Sweet & Associates Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,259 shares of the oil and gas company’s stock after selling 8,168 shares during the quarter. Exxon Mobil comprises 3.9% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 11th largest holding. McAlister Sweet & Associates Inc.’s holdings in Exxon Mobil were worth $4,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its stake in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the period. Global Assets Advisory LLC increased its stake in Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after buying an additional 12,540,435 shares during the period. Fisher Asset Management LLC increased its stake in Exxon Mobil by 565.3% in the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after buying an additional 11,199,696 shares during the period. Primecap Management Co. CA acquired a new position in Exxon Mobil in the 2nd quarter valued at $980,210,000. Finally, Capital International Investors grew its stake in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial lowered their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.75.

Exxon Mobil Price Performance

NYSE:XOM opened at $121.49 on Thursday. The firm has a market cap of $479.04 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average is $116.06 and its two-hundred day moving average is $115.85. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Research analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.13%. Exxon Mobil’s payout ratio is currently 46.57%.

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.