EPG Wealth Management LLC Sells 2,969 Shares of Exxon Mobil Co. (NYSE:XOM)

EPG Wealth Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,302 shares of the oil and gas company's stock after selling 2,969 shares during the quarter. EPG Wealth Management LLC's holdings in Exxon Mobil were worth $893,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XOM. Collar Capital Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $1,193,000. Colonial Trust Co SC grew its holdings in shares of Exxon Mobil by 1.1% in the fourth quarter. Colonial Trust Co SC now owns 41,937 shares of the oil and gas company's stock worth $4,511,000 after purchasing an additional 439 shares during the last quarter. Concorde Financial Corp grew its holdings in shares of Exxon Mobil by 0.6% in the fourth quarter. Concorde Financial Corp now owns 58,303 shares of the oil and gas company's stock worth $6,272,000 after purchasing an additional 338 shares during the last quarter. Cornerstone Select Advisors LLC purchased a new position in Exxon Mobil in the 4th quarter worth about $638,000. Finally, Corton Capital Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at about $228,000. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on XOM shares. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Exxon Mobil Trading Up 1.6 %

NYSE XOM opened at $104.97 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $109.14 and a two-hundred day simple moving average of $111.44. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $454.01 billion, a P/E ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The company's revenue was up .1% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

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.

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