Optimum Investment Advisors Sells 200 Shares of Exxon Mobil Co. (NYSE:XOM)

Optimum Investment Advisors trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,774 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Optimum Investment Advisors’ holdings in Exxon Mobil were worth $944,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Rockline Wealth Management LLC lifted its position in shares of Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after buying an additional 1,498 shares during the last quarter. Renasant Bank lifted its position in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after buying an additional 493 shares during the last quarter. Helen Stephens Group LLC lifted its position in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after buying an additional 6,753 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its position in shares of Exxon Mobil by 41.3% in the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after buying an additional 22,296 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.5 %

Shares of NYSE:XOM opened at $115.30 on Friday. The stock’s 50-day moving average price is $110.09 and its 200-day moving average price is $113.57. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The stock has a market capitalization of $500.29 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil’s payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XOM shares. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by insiders.

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.