Exxon Mobil Co. (NYSE:XOM) Shares Sold by Westmount Partners LLC

Westmount Partners LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,175 shares of the oil and gas company’s stock after selling 259 shares during the period. Westmount Partners LLC’s holdings in Exxon Mobil were worth $1,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $54,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XOM shares. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of XOM traded up $2.61 during mid-day trading on Monday, hitting $109.15. The stock had a trading volume of 8,483,394 shares, compared to its average volume of 14,298,175. The firm has a market cap of $479.72 billion, a P/E ratio of 13.59, a PEG ratio of 4.65 and a beta of 0.91. The business has a fifty day moving average price of $113.49 and a 200-day moving average price of $115.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.