Argent Capital Management LLC Sells 19,236 Shares of Exxon Mobil Co. (NYSE:XOM)

Argent Capital Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 680,882 shares of the oil and gas company’s stock after selling 19,236 shares during the quarter. Exxon Mobil makes up about 2.1% of Argent Capital Management LLC’s holdings, making the stock its 20th largest position. Argent Capital Management LLC’s holdings in Exxon Mobil were worth $73,243,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth about $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

NYSE XOM opened at $111.32 on Friday. The stock’s 50-day simple moving average is $112.93 and its two-hundred day simple moving average is $115.55. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $489.27 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XOM shares. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

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.