Foster Dykema Cabot & Partners LLC Sells 167 Shares of Exxon Mobil Co. (NYSE:XOM)

Foster Dykema Cabot & Partners LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,589 shares of the oil and gas company’s stock after selling 167 shares during the quarter. Foster Dykema Cabot & Partners LLC’s holdings in Exxon Mobil were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. BMO Capital Markets cut their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.0 %

Shares of Exxon Mobil stock opened at $104.18 on Thursday. The firm has a market cap of $450.61 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.61. The stock’s 50-day moving average is $110.00 and its 200 day moving average is $112.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 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 quarter last year, the company posted $2.48 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.