City Center Advisors LLC Sells 323 Shares of Exxon Mobil Co. (NYSE:XOM)

City Center Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,493 shares of the oil and gas company’s stock after selling 323 shares during the quarter. City Center Advisors LLC’s holdings in Exxon Mobil were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clark & Stuart Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $1,677,000. Matrix Trust Co increased its stake in Exxon Mobil by 11.7% during the 4th quarter. Matrix Trust Co now owns 22,180 shares of the oil and gas company’s stock worth $2,386,000 after acquiring an additional 2,329 shares during the period. Aprio Wealth Management LLC raised its holdings in Exxon Mobil by 30.1% in the 4th quarter. Aprio Wealth Management LLC now owns 13,708 shares of the oil and gas company’s stock valued at $1,475,000 after acquiring an additional 3,173 shares in the last quarter. Czech National Bank lifted its position in shares of Exxon Mobil by 5.3% during the 4th quarter. Czech National Bank now owns 952,944 shares of the oil and gas company’s stock valued at $102,508,000 after acquiring an additional 47,893 shares during the period. Finally, RMR Wealth Builders grew its holdings in shares of Exxon Mobil by 3.1% during the 4th quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock worth $3,447,000 after purchasing an additional 960 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE XOM opened at $106.54 on Monday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market cap of $468.25 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a 50 day simple moving average of $113.49 and a 200 day simple moving average of $115.65.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.74.

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.