Traynor Capital Management Inc. Trims Position in Exxon Mobil Co. (NYSE:XOM)

Traynor Capital Management Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,913 shares of the oil and gas company’s stock after selling 5,933 shares during the period. Traynor Capital Management Inc.’s holdings in Exxon Mobil were worth $2,787,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AXA S.A. increased its stake in shares of Exxon Mobil by 18.5% in the 2nd quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after purchasing an additional 20,475 shares in the last quarter. Beaird Harris Wealth Management LLC grew its holdings in Exxon Mobil by 297.3% during the second quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company’s stock valued at $4,046,000 after purchasing an additional 26,300 shares during the period. Comerica Bank increased its position in Exxon Mobil by 5.4% in the second quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company’s stock worth $180,827,000 after buying an additional 80,818 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its stake in shares of Exxon Mobil by 24.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 4,770 shares of the oil and gas company’s stock worth $549,000 after buying an additional 937 shares during the period. Finally, Arkos Global Advisors grew its stake in shares of Exxon Mobil by 21.8% during the 2nd quarter. Arkos Global Advisors now owns 4,124 shares of the oil and gas company’s stock valued at $475,000 after acquiring an additional 737 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $108.64 on Friday. The company’s 50-day moving average price is $111.56 and its 200-day moving average price is $115.38. 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 cap of $477.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $99.61 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Company 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.