Motco Has $10.86 Million Position in Exxon Mobil Co. (NYSE:XOM)

Motco lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,934 shares of the oil and gas company’s stock after selling 819 shares during the quarter. Exxon Mobil comprises about 1.1% of Motco’s investment portfolio, making the stock its 29th largest position. Motco’s holdings in Exxon Mobil were worth $10,857,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter worth $47,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the fourth quarter worth $48,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 1.1 %

XOM stock opened at $111.33 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.02 and a beta of 0.89. The business has a 50-day moving average of $108.95 and a 200-day moving average of $114.23. Exxon Mobil Co. has a fifty-two week low of $104.03 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.