Lbmc Investment Advisors LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Lbmc Investment Advisors LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,107 shares of the oil and gas company’s stock after selling 2,501 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Exxon Mobil were worth $1,948,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of XOM. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter worth $46,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the third quarter worth $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $112.37 on Tuesday. The stock has a 50-day moving average price of $112.56 and a two-hundred day moving average price of $115.51. 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 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.