Hutchinson Capital Management CA Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Hutchinson Capital Management CA trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,328 shares of the oil and gas company’s stock after selling 103 shares during the period. Exxon Mobil accounts for 2.8% of Hutchinson Capital Management CA’s portfolio, making the stock its 14th largest holding. Hutchinson Capital Management CA’s holdings in Exxon Mobil were worth $14,880,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC grew its stake in Exxon Mobil by 36.2% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 951 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 253 shares in the last quarter. one8zero8 LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $4,653,000. Choate Investment Advisors grew its stake in shares of Exxon Mobil by 6.0% in the 4th quarter. Choate Investment Advisors now owns 119,397 shares of the oil and gas company’s stock worth $12,844,000 after buying an additional 6,717 shares in the last quarter. First Financial Group Corp purchased a new position in shares of Exxon Mobil in the 4th quarter worth $260,000. Finally, Harbour Investment Management LLC grew its stake in shares of Exxon Mobil by 32.0% in the 4th quarter. Harbour Investment Management LLC now owns 6,276 shares of the oil and gas company’s stock worth $675,000 after buying an additional 1,520 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 3.0 %

Shares of XOM opened at $111.98 on Friday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a 50-day moving average of $109.34 and a 200 day moving average of $113.65. The firm has a market capitalization of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XOM shares. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.