Wintrust Investments LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Wintrust Investments LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 50.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,453 shares of the oil and gas company’s stock after selling 1,498 shares during the period. Wintrust Investments LLC’s holdings in Exxon Mobil were worth $156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. LFA Lugano Financial Advisors SA grew its stake in Exxon Mobil by 12.7% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 1,099 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 124 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Exxon Mobil in the fourth quarter valued at $8,588,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Exxon Mobil by 58.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 147,833 shares of the oil and gas company’s stock valued at $15,902,000 after purchasing an additional 54,511 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Exxon Mobil by 7.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 722,481 shares of the oil and gas company’s stock worth $77,717,000 after purchasing an additional 48,431 shares during the period. Finally, Essential Planning LLC. boosted its stake in Exxon Mobil by 6,230.8% during the fourth quarter. Essential Planning LLC. now owns 113,322 shares of the oil and gas company’s stock valued at $13,287,000 after buying an additional 111,532 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.0 %

XOM stock opened at $109.12 on Thursday. The company’s 50 day moving average is $109.24 and its 200 day moving average is $113.77. The stock has a market cap of $473.47 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm earned $2.48 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. 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 research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

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.