Exxon Mobil Co. (NYSE:XOM) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,475 shares of the oil and gas company’s stock after selling 3,130 shares during the period. Exxon Mobil comprises 1.0% of Goelzer Investment Management Inc.’s holdings, making the stock its 11th largest position. Goelzer Investment Management Inc.’s holdings in Exxon Mobil were worth $17,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Benin Management CORP increased its stake in shares of Exxon Mobil by 2.9% during the fourth quarter. Benin Management CORP now owns 43,912 shares of the oil and gas company’s stock worth $4,724,000 after purchasing an additional 1,254 shares in the last quarter. Wheelhouse Advisory Group LLC boosted its holdings in Exxon Mobil by 3.1% in the 4th quarter. Wheelhouse Advisory Group LLC now owns 3,743 shares of the oil and gas company’s stock worth $403,000 after buying an additional 112 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Exxon Mobil by 8.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 190,309 shares of the oil and gas company’s stock worth $20,472,000 after buying an additional 14,058 shares in the last quarter. CX Institutional raised its holdings in shares of Exxon Mobil by 35.2% during the fourth quarter. CX Institutional now owns 112,140 shares of the oil and gas company’s stock valued at $12,063,000 after acquiring an additional 29,194 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in shares of Exxon Mobil by 2.9% in the fourth quarter. Impact Partnership Wealth LLC now owns 13,634 shares of the oil and gas company’s stock valued at $1,467,000 after acquiring an additional 389 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $110.16 on Tuesday. 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 firm has a market cap of $484.16 billion, a P/E ratio of 13.72, a P/E/G ratio of 2.86 and a beta of 0.91. The firm’s 50 day moving average price is $111.56 and its 200-day moving average price is $115.44. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on XOM. Barclays reduced their price objective 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. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Piper Sandler lowered their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. 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 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.