Steel Grove Capital Advisors LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Steel Grove Capital Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,854 shares of the oil and gas company’s stock after selling 1,467 shares during the quarter. Exxon Mobil accounts for approximately 0.4% of Steel Grove Capital Advisors LLC’s portfolio, making the stock its 29th largest holding. Steel Grove Capital Advisors LLC’s holdings in Exxon Mobil were worth $2,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. raised its holdings in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $43,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil during the 3rd quarter worth $49,000. Finally, Studio Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $49,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $1.17 during mid-day trading on Thursday, reaching $116.14. 10,076,921 shares of the company traded hands, compared to its average volume of 18,348,930. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market cap of $460.82 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The stock has a fifty day simple moving average of $104.98 and a 200-day simple moving average of $105.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the business earned $3.40 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler reduced their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.18.

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.