Exxon Mobil Co. (NYSE:XOM) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 25.0% in the 4th quarter, Holdings Channel reports. The fund owned 6,936 shares of the oil and gas company’s stock after selling 2,318 shares during the quarter. Mirador Capital Partners LP’s holdings in Exxon Mobil were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $63,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.37 on Friday. The business has a 50 day simple moving average of $112.73 and a 200-day simple moving average of $115.52. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for 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%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $2.27 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is a boost 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 yield of 3.52%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil 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.