Xcel Wealth Management LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Xcel Wealth Management LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 6.9% during the third quarter, HoldingsChannel reports. The firm owned 2,273 shares of the oil and gas company’s stock after selling 168 shares during the quarter. Xcel Wealth Management LLC’s holdings in Exxon Mobil were worth $266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in Exxon Mobil by 12.3% in the third quarter. Sequoia Financial Advisors LLC now owns 458,617 shares of the oil and gas company’s stock valued at $53,759,000 after purchasing an additional 50,326 shares in the last quarter. Sky Investment Group LLC boosted its holdings in shares of Exxon Mobil by 3.6% in the 3rd quarter. Sky Investment Group LLC now owns 83,571 shares of the oil and gas company’s stock valued at $9,796,000 after buying an additional 2,918 shares in the last quarter. Home Federal Bank of Tennessee grew its position in shares of Exxon Mobil by 1.9% in the 3rd quarter. Home Federal Bank of Tennessee now owns 13,723 shares of the oil and gas company’s stock valued at $1,609,000 after buying an additional 250 shares during the last quarter. U S Global Investors Inc. acquired a new stake in Exxon Mobil during the 3rd quarter worth $410,000. Finally, Calton & Associates Inc. lifted its position in Exxon Mobil by 58.7% in the third quarter. Calton & Associates Inc. now owns 11,008 shares of the oil and gas company’s stock valued at $1,290,000 after acquiring an additional 4,070 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $120.27 on Thursday. The stock has a market capitalization of $474.23 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 5.02 and a beta of 0.89. The business’s 50 day moving average is $117.49 and its two-hundred day moving average is $116.49. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. UBS Group lowered their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Truist Financial reduced their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.