Vermillion & White Wealth Management Group LLC Has $61,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Vermillion & White Wealth Management Group LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 62.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 565 shares of the oil and gas company’s stock after selling 959 shares during the period. Vermillion & White Wealth Management Group LLC’s holdings in Exxon Mobil were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XOM. Victrix Investment Advisors bought a new position in shares of Exxon Mobil in the fourth quarter worth about $837,000. Vident Advisory LLC lifted its holdings in shares of Exxon Mobil by 102.4% in the fourth quarter. Vident Advisory LLC now owns 397,354 shares of the oil and gas company’s stock worth $42,745,000 after acquiring an additional 200,985 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of Exxon Mobil in the fourth quarter worth about $151,000. Spurstone Advisory Services LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $366,000. Finally, Vivaldi Capital Management LP lifted its holdings in shares of Exxon Mobil by 15.8% in the fourth quarter. Vivaldi Capital Management LP now owns 8,041 shares of the oil and gas company’s stock worth $886,000 after acquiring an additional 1,097 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $108.13 on Monday. The company has a fifty day simple moving average of $108.98 and a 200 day simple moving average of $110.77. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. 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 market cap of $466.01 billion, a P/E ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period last year, the business earned $2.06 EPS. The business’s revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Piper Sandler lowered their price objective on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada lowered their price objective on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a research note on Monday, May 5th. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

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.