Exxon Mobil Co. (NYSE:XOM) Shares Sold by Excalibur Management Corp

Excalibur Management Corp lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,966 shares of the oil and gas company’s stock after selling 381 shares during the period. Exxon Mobil comprises approximately 1.2% of Excalibur Management Corp’s portfolio, making the stock its 19th largest position. Excalibur Management Corp’s holdings in Exxon Mobil were worth $2,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its holdings in Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after acquiring an additional 92 shares during the period. Beacon Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after purchasing an additional 93 shares in the last quarter. Cadent Capital Advisors LLC increased its stake in Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after buying an additional 94 shares during the period. Lincoln Capital LLC increased its stake in Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock worth $917,000 after buying an additional 94 shares during the period. Finally, Altus Wealth Group LLC lifted its holdings in Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Barclays decreased their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Piper Sandler decreased 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. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on 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. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $116.61 on Wednesday. The company’s 50 day simple moving average is $110.36 and its 200-day simple moving average is $113.61. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The firm has a market cap of $505.99 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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 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 previous year, the firm earned $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.40%. Exxon Mobil’s payout ratio is 50.51%.

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.