Mengis Capital Management Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Mengis Capital Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 71,766 shares of the oil and gas company’s stock after acquiring an additional 3,635 shares during the quarter. Exxon Mobil accounts for about 1.6% of Mengis Capital Management Inc.’s holdings, making the stock its 15th biggest holding. Mengis Capital Management Inc.’s holdings in Exxon Mobil were worth $7,720,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the 3rd quarter valued at about $51,000. Finally, Compass Financial Services Inc bought a new position in Exxon Mobil during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. 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 report on Thursday, December 19th. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Down 0.3 %

Shares of Exxon Mobil stock opened at $109.43 on Thursday. Exxon Mobil Co. has a 1 year low of $103.85 and a 1 year high of $126.34. The firm has a market cap of $474.84 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89. The company has a 50-day moving average of $108.75 and a 200 day moving average of $114.34. 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 earnings results 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 company posted $2.48 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’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 transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

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.