Exxon Mobil Co. (NYSE:XOM) Shares Sold by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,842 shares of the oil and gas company’s stock after selling 398 shares during the period. Regency Capital Management Inc. DE’s holdings in Exxon Mobil were worth $306,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at about $54,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $63,000. Finally, Annapolis Financial Services LLC increased its holdings in shares of Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after buying an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.0 %

NYSE:XOM opened at $107.99 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The stock has a market cap of $474.64 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.86 and a beta of 0.91. The stock has a 50-day simple moving average of $111.35 and a 200-day simple moving average of $115.41.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler dropped their price target 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. Finally, Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.