Exxon Mobil Co. (NYSE:XOM) Position Trimmed by Mirabaud & Cie SA

Mirabaud & Cie SA lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 76.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,357 shares of the oil and gas company’s stock after selling 77,166 shares during the period. Exxon Mobil makes up about 0.8% of Mirabaud & Cie SA’s investment portfolio, making the stock its 24th largest holding. Mirabaud & Cie SA’s holdings in Exxon Mobil were worth $2,514,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Capital Management LLC raised its stake in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares during the period. Fred Alger Management LLC grew its holdings in shares of Exxon Mobil by 52.5% during the second quarter. Fred Alger Management LLC now owns 98,421 shares of the oil and gas company’s stock valued at $11,330,000 after buying an additional 33,893 shares in the last quarter. AXA S.A. raised its position in Exxon Mobil by 18.5% during the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after buying an additional 20,475 shares during the period. Armistice Capital LLC lifted its stake in Exxon Mobil by 5.8% in the 2nd quarter. Armistice Capital LLC now owns 200,348 shares of the oil and gas company’s stock worth $23,064,000 after acquiring an additional 11,048 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Exxon Mobil by 105.7% during the 2nd quarter. AQR Capital Management LLC now owns 3,562,523 shares of the oil and gas company’s stock worth $410,118,000 after acquiring an additional 1,830,265 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.12 on Friday. The company has a market capitalization of $483.97 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. Exxon Mobil Co. has a one year low of $97.74 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s fifty day moving average price is $111.98 and its 200 day moving average price is $115.44.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.60%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Company 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.