Callahan Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,626 shares of the oil and gas company’s stock after selling 3,422 shares during the period. Exxon Mobil comprises approximately 2.1% of Callahan Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Callahan Advisors LLC’s holdings in Exxon Mobil were worth $15,969,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Morgan Stanley lifted its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD increased its holdings in Exxon Mobil by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock worth $4,523,610,000 after acquiring an additional 1,344,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares in the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Stock Performance
Shares of Exxon Mobil stock opened at $103.89 on Friday. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92. The business’s fifty day simple moving average is $104.93 and its 200-day simple moving average is $109.26. The firm has a market cap of $420.03 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.50%. Exxon Mobil’s payout ratio is presently 24.64%.
Insider Activity
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on XOM shares. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Piper Sandler cut their price objective on Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Jefferies Financial Group lowered their target price on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Finally, Mizuho lowered their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $124.66.
Exxon Mobil Profile
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.
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