B.O.S.S. Retirement Advisors LLC Sells 61,021 Shares of Exxon Mobil Co. (NYSE:XOM)

B.O.S.S. Retirement Advisors LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 94.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,384 shares of the oil and gas company’s stock after selling 61,021 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Exxon Mobil were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

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

Exxon Mobil Stock Up 1.4 %

Shares of NYSE:XOM opened at $110.16 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. 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. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company’s 50-day moving average price is $111.56 and its two-hundred day moving average price is $115.44.

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, beating the consensus estimate of $1.91 by $0.01. The business 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% 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, research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays lowered their price objective 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

About Exxon Mobil

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.