Beacon Pointe Advisors LLC Sells 33,250 Shares of Exxon Mobil Co. (NYSE:XOM)

Beacon Pointe Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,491 shares of the oil and gas company's stock after selling 33,250 shares during the period. Beacon Pointe Advisors LLC's holdings in Exxon Mobil were worth $43,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Joule Financial LLC raised its holdings in Exxon Mobil by 25.9% in the third quarter. Joule Financial LLC now owns 4,662 shares of the oil and gas company's stock valued at $548,000 after acquiring an additional 960 shares in the last quarter. Gratus Capital LLC raised its stake in Exxon Mobil by 40.1% during the third quarter. Gratus Capital LLC now owns 16,498 shares of the oil and gas company's stock worth $1,940,000 after acquiring an additional 4,721 shares during the period. SeaBridge Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 6.9% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 10,053 shares of the oil and gas company's stock worth $1,182,000 after purchasing an additional 645 shares during the last quarter. Traverso Chambers Private Wealth Management LLC lifted its stake in Exxon Mobil by 0.9% in the third quarter. Traverso Chambers Private Wealth Management LLC now owns 43,870 shares of the oil and gas company's stock valued at $5,158,000 after buying an additional 396 shares during the last quarter. Finally, Strata Wealth Advisors LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $688,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $1.80 during mid-day trading on Friday, reaching $119.67. The company had a trading volume of 15,103,167 shares, compared to its average volume of 18,605,010. The company has a 50-day moving average price of $116.86 and a two-hundred day moving average price of $107.45. The stock has a market cap of $471.86 billion, a PE ratio of 14.56, a P/E/G ratio of 4.13 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.83 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil's payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday. Mizuho boosted their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a research report on Monday. Royal Bank of Canada restated a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler increased their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, April 18th. Finally, Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an "overweight" rating and a $147.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.00.

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.