Trifecta Capital Advisors LLC Cuts Stake in Exxon Mobil Co.

Trifecta Capital Advisors LLC has decreased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.6% during the fourth quarter. This reduction was disclosed in the company's latest 13F filing with the Securities and Exchange Commission. After selling 2,300 shares, Trifecta Capital now holds a total of 6,673 shares of the oil and gas corporation, which were valued at approximately $718,000 by the end of the reporting period.

Other Institutional Investor Activities

In addition to Trifecta Capital, several other institutional investors have also been adjusting their positions in Exxon Mobil. For instance, Pacer Advisors Inc. sharply increased its holdings by 1,524.1% in the fourth quarter, now controlling 5,445,922 shares valued at around $585.8 million after acquiring an additional 5,110,603 shares. Similarly, Franklin Resources Inc. raised its stake by 16.3% over the last quarter, holding a total of 31,522,556 shares worth $3.9 billion following a purchase of 4,415,012 shares. Strategic Financial Concepts LLC made an even more notable move with an 11,131.0% increase in its position, now owning 1,792,811 shares valued at $192.9 million. Additionally, Geode Capital Management LLC grew its stake by 1.8%, now owning 92,194,981 shares worth approximately $10.8 billion. Massachusetts Financial Services Co. MA also lifted its holdings by 9.0%, acquiring 1,512,694 additional shares to a total of 18,328,008 shares valued at $2.15 billion. As it stands, institutional investors and hedge funds own about 61.80% of Exxon Mobil's stock.

Analysts Adjust Price Targets

Exxon Mobil has recently garnered attention from various analysts. Bernstein Bank raised its price target for the company from $138.00 to $144.00, giving it an "overweight" rating on January 31. Conversely, Goldman Sachs Group lowered its price target from $125.00 to $123.00, maintaining a "neutral" outlook. Wells Fargo & Company also adjusted its target downward from $136.00 to $135.00 while keeping an "overweight" rating. Conversely, JPMorgan Chase & Co. decreased its price target from $130.00 to $125.00 while still issuing an "overweight" rating. HSBC cut its target from $125.00 to $123.00, assigning a "hold" rating. The consensus among analysts indicates that there is one sell rating, eight hold ratings, eleven buy ratings, and two strong buy ratings for the stock. Presently, Exxon Mobil has an average rating of "Moderate Buy" with a consensus price target set at $129.25.

Exxon Mobil's Current Trading Situation

As of the latest trading session, shares of Exxon Mobil opened at $109.43. The company has demonstrated a current ratio of 1.31 and a quick ratio of 0.97, reflecting its liquidity position. The debt-to-equity ratio stands at 0.14. Over the past year, Exxon Mobil's stock hit a low of $103.85 and reached a maximum of $126.34. The fifty-day simple moving average is recorded at $108.75, while the 200-day average stands at $114.34. Exxon Mobil's market capitalization is roughly $474.84 billion, with a price-to-earnings ratio of 13.96 and a price-to-earnings-growth ratio of 3.02. Its beta is 0.89, indicating lower volatility compared to the market.

Earnings Report Update

Exxon Mobil last released its quarterly earnings on January 31, where it reported earnings per share (EPS) of $1.67, falling short of the consensus estimate of $1.77 by $0.10. Additionally, the company achieved a return on equity of 12.92% and a net margin of 9.63%. This is compared to $2.48 EPS from the same quarter a year earlier. Analysts project that Exxon Mobil will record an EPS of 7.43 for the current year.

Dividend Announcement

The company has also recently announced a quarterly dividend, which is set to be paid on March 10. Shareholders recorded by February 12 will receive a dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a yield of 3.62%. The dividend payout ratio for Exxon Mobil stands at 50.51%.

Insider Trading News

In related news, Vice President Darrin L. Talley sold 2,100 shares of Exxon Mobil stock on February 4 at an average price of $110.00, generating a total of $231,000 from the sale. Post-transaction, the VP holds approximately 18,087 shares valued at about $1.99 million, signifying a 10.40% decrease in their ownership. This sale was documented in a filing with the SEC.

About Exxon Mobil Corporation

Exxon Mobil Corporation specializes in the exploration and production of crude oil and natural gas, both domestically and globally. It operates through multiple segments: Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment focuses on the exploration and production of crude oil and natural gas.

ExxonMobil, Investors, Stock