Eads & Heald Wealth Management Sells 859 Shares of Exxon Mobil Co. (NYSE:XOM)

Eads & Heald Wealth Management trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,620 shares of the oil and gas company’s stock after selling 859 shares during the period. Eads & Heald Wealth Management’s holdings in Exxon Mobil were worth $1,948,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.6 %

Exxon Mobil stock opened at $114.95 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a 50-day moving average price of $117.67 and a 200 day moving average price of $116.35. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $453.25 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released 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. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $2.27 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 45.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.37.

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.