SFG Wealth Management LLC. Has $910,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

SFG Wealth Management LLC. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,456 shares of the oil and gas company’s stock after selling 464 shares during the quarter. SFG Wealth Management LLC.’s holdings in Exxon Mobil were worth $910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter worth $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the third quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.7 %

Shares of NYSE XOM opened at $111.52 on Wednesday. The stock has a market capitalization of $490.12 billion, a P/E ratio of 13.89, a PEG ratio of 3.01 and a beta of 0.91. The stock’s fifty day moving average is $112.40 and its 200 day moving average is $115.50. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’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 earned $2.27 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Finally, TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.