HNP Capital LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,166 shares of the oil and gas company’s stock after selling 335 shares during the quarter. Exxon Mobil makes up 1.1% of HNP Capital LLC’s holdings, making the stock its 19th largest holding. HNP Capital LLC’s holdings in Exxon Mobil were worth $3,879,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Axiom Financial Strategies LLC grew its holdings in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after buying an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the first quarter valued at $275,000. Loomis Sayles & Co. L P grew its holdings in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after buying an additional 13,065 shares in the last quarter. Ergoteles LLC grew its holdings in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at $237,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Price Performance
Shares of NYSE:XOM opened at $115.05 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The business has a 50-day moving average of $110.74 and a two-hundred day moving average of $107.75. The stock has a market capitalization of $468.37 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.51 and a beta of 1.08. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.16%. Exxon Mobil’s payout ratio is presently 27.45%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on XOM shares. B. Riley lifted their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Wells Fargo & Company lifted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Truist Financial lifted their price objective on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Bank of America lifted their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Finally, Mizuho lifted their price objective on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $121.64.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.
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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