San Luis Wealth Advisors LLC Sells 614 Shares of Exxon Mobil Co. (NYSE:XOM)

San Luis Wealth Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,248 shares of the oil and gas company’s stock after selling 614 shares during the quarter. Exxon Mobil comprises approximately 1.6% of San Luis Wealth Advisors LLC’s holdings, making the stock its 17th largest position. San Luis Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Waterway Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $1,018,000. PFG Investments LLC grew its position in Exxon Mobil by 4.8% in the fourth quarter. PFG Investments LLC now owns 31,811 shares of the oil and gas company’s stock worth $3,181,000 after acquiring an additional 1,468 shares during the period. Cultivar Capital Inc. purchased a new position in Exxon Mobil in the fourth quarter worth approximately $945,000. Roberts Wealth Advisors LLC grew its position in Exxon Mobil by 1.4% in 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 during the period. Finally, Trust Co of the South purchased a new position in Exxon Mobil in the fourth quarter worth approximately $1,437,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Tuesday, January 23rd. Piper Sandler lowered their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.18.

Exxon Mobil Stock Up 1.1 %

XOM opened at $115.05 on Thursday. The business’s 50-day simple moving average is $104.98 and its 200-day simple moving average is $105.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The stock has a market capitalization of $456.50 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

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.