Exxon Mobil Co. (NYSE:XOM) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,233 shares of the oil and gas company’s stock after selling 2,065 shares during the period. Exxon Mobil comprises 1.2% of Resolute Wealth Strategies LLC’s investment portfolio, making the stock its 26th biggest holding. Resolute Wealth Strategies LLC’s holdings in Exxon Mobil were worth $2,284,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XOM. Unified Investment Management acquired a new position in Exxon Mobil during the fourth quarter worth $545,000. Wernau Asset Management Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter worth $576,000. Meridian Wealth Management LLC increased its holdings in shares of Exxon Mobil by 1.5% in the 4th quarter. Meridian Wealth Management LLC now owns 719,186 shares of the oil and gas company’s stock valued at $77,363,000 after purchasing an additional 10,895 shares in the last quarter. Kelly Financial Group LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $225,000. Finally, Detalus Advisors LLC boosted its holdings in Exxon Mobil by 2.4% during the fourth quarter. Detalus Advisors LLC now owns 4,491 shares of the oil and gas company’s stock worth $483,000 after buying an additional 105 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Finally, BMO Capital Markets dropped their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Down 0.2 %

NYSE XOM opened at $107.55 on Wednesday. The company has a 50-day moving average of $109.00 and a 200-day moving average of $114.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12 month low of $104.32 and a 12 month high of $126.34. The company has a market cap of $466.67 billion, a P/E ratio of 13.72, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted 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 in the previous year, the company posted $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated 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 owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

About Exxon Mobil

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.