Capital Investment Counsel Inc reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 81,179 shares of the oil and gas company’s stock after selling 834 shares during the quarter. Exxon Mobil makes up about 1.3% of Capital Investment Counsel Inc’s portfolio, making the stock its 11th largest position. Capital Investment Counsel Inc’s holdings in Exxon Mobil were worth $8,732,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after buying an additional 5,110,603 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the period. Strategic Financial Concepts LLC increased its holdings in Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares in the last quarter. Geode Capital Management LLC raised its position in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Exxon Mobil by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock valued at $2,148,409,000 after purchasing an additional 1,512,694 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on XOM shares. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.25.
Exxon Mobil Stock Down 1.2 %
Exxon Mobil stock opened at $110.67 on Monday. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The stock has a market cap of $480.20 billion, a P/E ratio of 14.12, a P/E/G ratio of 3.02 and a beta of 0.89. The company’s 50-day moving average price is $108.60 and its two-hundred day moving average price is $114.48. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 firm earned $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current 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 given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil’s payout ratio is presently 50.51%.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,100 shares of the firm’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 of the company’s stock, valued at approximately $1,989,570. This trade 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 can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than Exxon Mobil
- What is the Dogs of the Dow Strategy? Overview and Examples
- Why Genuine Parts Company Is a Royally Good Buy Right Now
- Value Investing: Is it a Good Strategy in 2022? (Hint: Always)
- Industrials Are Quietly Outpacing the Market: 3 Stocks to Watch
- Trading Halts Explained
- These 5 Energy Stocks Hedge Inflation With Growth Potential
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Free Report).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.