Moody Lynn & Lieberson LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Moody Lynn & Lieberson LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 25.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 68,929 shares of the oil and gas company’s stock after selling 23,794 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Exxon Mobil were worth $6,892,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of XOM. KB Financial Partners LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $27,000. IMA Wealth Inc. boosted its holdings in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new position in Exxon Mobil in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. Truist Financial upped their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. UBS Group cut their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Wells Fargo & Company upped their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.82.

Exxon Mobil Price Performance

Shares of XOM opened at $121.37 on Monday. The company has a market cap of $481.58 billion, a P/E ratio of 13.65, a PEG ratio of 4.31 and a beta of 0.96. The stock has a fifty day moving average price of $108.06 and a 200 day moving average price of $105.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $122.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.40 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 9.38 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.13%. Exxon Mobil’s payout ratio is currently 42.74%.

Exxon Mobil 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.