Arcadia Investment Management Corp MI Sells 3,367 Shares of Exxon Mobil Co. (NYSE:XOM)

Arcadia Investment Management Corp MI lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 31.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,386 shares of the oil and gas company’s stock after selling 3,367 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Exxon Mobil were worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the third quarter worth $51,000. Compass Financial Services Inc bought a new position in Exxon Mobil during the fourth quarter worth $48,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $111.18 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $482.42 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $103.05 and a 12 month high of $126.34. The company’s 50-day moving average price is $108.65 and its two-hundred day moving average price is $114.44.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company earned $2.48 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Bernstein Bank boosted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.25.

About Exxon Mobil

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.