Monarch Capital Management Inc. Sells 183 Shares of Exxon Mobil Co. (NYSE:XOM)

Monarch Capital Management Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,644 shares of the oil and gas company’s stock after selling 183 shares during the quarter. Exxon Mobil accounts for about 1.6% of Monarch Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Monarch Capital Management Inc.’s holdings in Exxon Mobil were worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Waterway Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $1,018,000. PFG Investments LLC boosted its holdings in shares of Exxon Mobil by 4.8% during the 4th quarter. PFG Investments LLC now owns 31,811 shares of the oil and gas company’s stock valued at $3,181,000 after buying an additional 1,468 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth about $945,000. Roberts Wealth Advisors LLC boosted its stake in Exxon Mobil by 1.4% during the fourth quarter. Roberts Wealth Advisors LLC now owns 15,537 shares of the oil and gas company’s stock worth $1,553,000 after acquiring an additional 211 shares in the last quarter. Finally, Trust Co of the South purchased a new stake in Exxon Mobil in the fourth quarter worth about $1,437,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group cut their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Finally, Mizuho increased their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $128.18.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $115.05 on Thursday. The company has a market cap of $456.50 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. 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 stock’s fifty day moving average price is $104.98 and its 200 day moving average price is $105.89. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $3.40 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

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.