Exxon Mobil Co. (NYSE:XOM) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 47.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,071 shares of the oil and gas company’s stock after selling 3,707 shares during the period. Royal Fund Management LLC’s holdings in Exxon Mobil were worth $438,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the second quarter valued at $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Exxon Mobil in the third quarter valued at approximately $63,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XOM shares. Truist Financial lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Down 1.8 %

Shares of NYSE XOM opened at $109.46 on Thursday. The stock has a market capitalization of $481.07 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $96.73 and a 52 week high of $126.34. The firm has a 50-day moving average price of $112.22 and a 200 day moving average price of $115.48. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced 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 return on equity of 14.73% and a net margin of 9.61%. The business 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 company earned $2.27 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.