HFG Wealth Management LLC Sells 2,490 Shares of Exxon Mobil Co. (NYSE:XOM)

HFG Wealth Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,522 shares of the oil and gas company’s stock after selling 2,490 shares during the quarter. Exxon Mobil makes up approximately 2.7% of HFG Wealth Management LLC’s portfolio, making the stock its 13th largest holding. HFG Wealth Management LLC’s holdings in Exxon Mobil were worth $4,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Vertex Planning Partners LLC boosted its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares in the last quarter. Etfidea LLC boosted its holdings in Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC increased its stake in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its position in shares of Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after buying an additional 87 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.9 %

Shares of XOM traded up $1.99 during midday trading on Monday, reaching $108.53. 6,671,754 shares of the stock were exchanged, compared to its average volume of 14,073,593. The firm has a 50 day simple moving average of $113.49 and a 200-day simple moving average of $115.65. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market cap of $477.00 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $2.27 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

A number of brokerages recently commented on XOM. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. UBS Group dropped 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 note on Thursday, December 12th. Finally, TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average 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.