Abacus Wealth Partners LLC Has $360,000 Position in Exxon Mobil Co. (NYSE:XOM)

Abacus Wealth Partners LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,350 shares of the oil and gas company’s stock after selling 2,181 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Exxon Mobil were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. New Hampshire Trust lifted its position in shares of Exxon Mobil by 1.2% during the 4th quarter. New Hampshire Trust now owns 57,774 shares of the oil and gas company’s stock worth $6,215,000 after buying an additional 710 shares during the period. Koshinski Asset Management Inc. raised its stake in Exxon Mobil by 2.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 44,037 shares of the oil and gas company’s stock worth $4,737,000 after acquiring an additional 1,141 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of Exxon Mobil by 1.9% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 9,861 shares of the oil and gas company’s stock valued at $1,061,000 after acquiring an additional 182 shares during the period. Hoese & Co LLP boosted its stake in shares of Exxon Mobil by 13.5% in the 4th quarter. Hoese & Co LLP now owns 1,450 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 173 shares in the last quarter. Finally, Sky Investment Group LLC grew its holdings in shares of Exxon Mobil by 0.6% in the 4th quarter. Sky Investment Group LLC now owns 84,082 shares of the oil and gas company’s stock worth $9,045,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $109.46 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52 week low of $96.73 and a 52 week high of $126.34. The stock has a market capitalization of $481.07 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.98 and a beta of 0.91. The firm has a fifty day moving average of $112.22 and a two-hundred day moving average of $115.48.

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. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued 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 dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil 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.