Wellington Shields Capital Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,978 shares of the oil and gas company’s stock after purchasing an additional 210 shares during the quarter. Exxon Mobil accounts for 0.8% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 16th largest position. Wellington Shields Capital Management LLC’s holdings in Exxon Mobil were worth $6,395,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. raised its holdings in shares of Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after acquiring an additional 1,469 shares during the period. St. Louis Trust Co raised its holdings in shares of Exxon Mobil by 11.0% during the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after acquiring an additional 3,507 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after acquiring an additional 5,770 shares during the period. Northstar Asset Management LLC raised its holdings in shares of Exxon Mobil by 3.0% during the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after acquiring an additional 925 shares during the period. Finally, TTP Investments Inc. raised its holdings in shares of Exxon Mobil by 0.9% during the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after acquiring an additional 181 shares during the period. 57.49% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on XOM shares. Morgan Stanley lifted their price target on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, May 1st. Truist Financial lifted their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Finally, Jefferies Financial Group lowered their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.70.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.46%. Exxon Mobil’s dividend payout ratio is 24.64%.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by insiders.
Exxon Mobil Company Profile
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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