Elk River Wealth Management LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Elk River Wealth Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,399 shares of the oil and gas company’s stock after selling 752 shares during the quarter. Exxon Mobil makes up approximately 1.4% of Elk River Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Elk River Wealth Management LLC’s holdings in Exxon Mobil were worth $7,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Corps Capital Advisors LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $574,000. Freedom Day Solutions LLC boosted its holdings in Exxon Mobil by 34.7% in the fourth quarter. Freedom Day Solutions LLC now owns 27,398 shares of the oil and gas company’s stock valued at $2,947,000 after purchasing an additional 7,064 shares during the period. Emerald Advisors LLC grew its stake in Exxon Mobil by 3.5% during the 4th quarter. Emerald Advisors LLC now owns 3,793 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 129 shares in the last quarter. Private Wealth Partners LLC increased its holdings in Exxon Mobil by 2.9% during the 4th quarter. Private Wealth Partners LLC now owns 17,425 shares of the oil and gas company’s stock worth $1,874,000 after purchasing an additional 491 shares during the period. Finally, Sterling Financial Planning Inc. raised its position in Exxon Mobil by 6.0% in the 4th quarter. Sterling Financial Planning Inc. now owns 8,713 shares of the oil and gas company’s stock valued at $937,000 after purchasing an additional 491 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $110.67 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $480.20 billion, a P/E ratio of 14.12, a P/E/G ratio of 3.02 and a beta of 0.89. The stock has a 50 day moving average of $108.60 and a two-hundred day moving average of $114.49. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.