Windsor Capital Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,825 shares of the oil and gas company’s stock after selling 750 shares during the period. Windsor Capital Management LLC’s holdings in Exxon Mobil were worth $1,194,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new position in Exxon Mobil in the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC increased its holdings in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $38,000. Mine & Arao Wealth Creation & Management LLC. increased its holdings in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 169 shares in the last quarter. Finally, Horizons Wealth Management purchased a new position in Exxon Mobil in the second quarter valued at about $41,000. 57.49% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Down 2.3 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS. Analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Analysts Set New Price Targets
Several analysts have recently commented on XOM shares. Cowen increased their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Truist Financial increased their price target on shares of Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.64.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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