Mirador Capital Partners LP Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Mirador Capital Partners LP reduced its position in Exxon Mobil Co. (NYSE:XOM) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,936 shares of the oil and gas company’s stock after selling 2,318 shares during the quarter. Mirador Capital Partners LP’s holdings in Exxon Mobil were worth $746,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. lifted its position in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Exxon Mobil by 4.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after buying an additional 5,985 shares during the period. Brooklyn Investment Group increased its stake in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after acquiring an additional 6,753 shares during the period. Finally, Parthenon LLC raised its stake in shares of Exxon Mobil by 2.4% during the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after buying an additional 4,445 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM opened at $112.37 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $112.73 and its 200-day simple moving average is $115.52.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The firm’s revenue was down .8% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

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.