Exxon Mobil Co. (NYSE:XOM) Shares Sold by Brookmont Capital Management

Brookmont Capital Management reduced its position in Exxon Mobil Co. (NYSE:XOM) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,486 shares of the oil and gas company’s stock after selling 92 shares during the quarter. Brookmont Capital Management’s holdings in Exxon Mobil were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil in the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $63,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.5 %

NYSE:XOM opened at $110.12 on Friday. The company has a market capitalization of $483.97 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. Exxon Mobil Co. has a one year low of $97.74 and a one year high of $126.34. The stock has a 50-day simple moving average of $111.98 and a 200 day simple moving average of $115.44. 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 (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have given 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.