SJS Investment Consulting Inc. Sells 258 Shares of Exxon Mobil Co. (NYSE:XOM)

SJS Investment Consulting Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,579 shares of the oil and gas company’s stock after selling 258 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Exxon Mobil were worth $815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. FMR LLC grew its stake in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. lifted its stake in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Exxon Mobil by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after acquiring an additional 949,875 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE XOM opened at $110.16 on Tuesday. Exxon Mobil Co. has a 52-week low of $100.42 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. The company’s 50 day moving average price is $111.56 and its 200-day moving average price is $115.44. The company has a market capitalization of $484.16 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company posted $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil’s payout ratio is 49.32%.

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.