Burt Wealth Advisors Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Burt Wealth Advisors lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,962 shares of the oil and gas company’s stock after selling 222 shares during the period. Burt Wealth Advisors’ holdings in Exxon Mobil were worth $1,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the fourth quarter valued at about $47,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter valued at about $51,000. Finally, Compass Financial Services Inc purchased a new stake in Exxon Mobil during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s 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 transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 1.9 %

NYSE XOM opened at $105.51 on Thursday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The business’s 50-day moving average is $108.98 and its 200 day moving average is $113.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $457.82 billion, a PE ratio of 13.46, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its 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 period in the previous year, the company posted $2.48 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.75%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.