Brave Asset Management Inc. Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

by · The Markets Daily

Brave Asset Management Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,809 shares of the oil and gas company’s stock after selling 433 shares during the quarter. Brave Asset Management Inc.’s holdings in Exxon Mobil were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Sawyer & Company Inc boosted its holdings in shares of Exxon Mobil by 2.4% in the 4th quarter. Sawyer & Company Inc now owns 38,090 shares of the oil and gas company’s stock valued at $4,097,000 after acquiring an additional 895 shares during the last quarter. Roble Belko & Company Inc grew its position in Exxon Mobil by 18.2% during the 4th quarter. Roble Belko & Company Inc now owns 6,093 shares of the oil and gas company’s stock worth $655,000 after purchasing an additional 940 shares during the period. Advisors Management Group Inc. ADV raised its stake in shares of Exxon Mobil by 0.6% during the 4th quarter. Advisors Management Group Inc. ADV now owns 26,381 shares of the oil and gas company’s stock valued at $2,838,000 after buying an additional 163 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Exxon Mobil by 1.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 139,596 shares of the oil and gas company’s stock valued at $15,016,000 after buying an additional 2,224 shares during the period. Finally, ARS Wealth Advisors Group LLC boosted its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 204,176 shares of the oil and gas company’s stock worth $21,963,000 after buying an additional 1,858 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.2 %

NYSE XOM opened at $111.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $489.27 billion, a P/E ratio of 13.86, a PEG ratio of 2.70 and a beta of 0.91. The firm’s 50-day moving average is $112.93 and its two-hundred day moving average is $115.55. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 firm 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 business posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Read Our Latest Report on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.

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