Archer Investment Corp Sells 755 Shares of Exxon Mobil Co. (NYSE:XOM)

Archer Investment Corp reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,664 shares of the oil and gas company’s stock after selling 755 shares during the quarter. Archer Investment Corp’s holdings in Exxon Mobil were worth $1,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Telos Capital Management Inc. increased its position in shares of Exxon Mobil by 140.6% during the 4th quarter. Telos Capital Management Inc. now owns 23,509 shares of the oil and gas company’s stock valued at $2,350,000 after purchasing an additional 13,739 shares during the last quarter. KLCM Advisors Inc. increased its position in shares of Exxon Mobil by 222.9% during the 4th quarter. KLCM Advisors Inc. now owns 117,873 shares of the oil and gas company’s stock valued at $11,785,000 after purchasing an additional 81,371 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $198,000. Sfmg LLC increased its position in shares of Exxon Mobil by 3.0% during the 4th quarter. Sfmg LLC now owns 16,702 shares of the oil and gas company’s stock valued at $1,670,000 after purchasing an additional 484 shares during the last quarter. Finally, TRUE Private Wealth Advisors boosted its holdings in Exxon Mobil by 6.2% during the 4th quarter. TRUE Private Wealth Advisors now owns 52,198 shares of the oil and gas company’s stock valued at $5,219,000 after acquiring an additional 3,070 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho restated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen increased their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Activity 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 sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 1.2 %

NYSE XOM opened at $119.90 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market capitalization of $474.60 billion, a PE ratio of 13.49, a P/E/G ratio of 4.07 and a beta of 0.96. The stock’s 50 day moving average is $111.55 and its 200 day moving average is $106.33.

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 for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period in the previous year, the company posted $3.40 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio is presently 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.