Exxon Mobil Co. (NYSE:XOM) Shares Sold by Narwhal Capital Management

Narwhal Capital Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,851 shares of the oil and gas company’s stock after selling 18,951 shares during the period. Narwhal Capital Management’s holdings in Exxon Mobil were worth $8,374,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $133,000. HFG Wealth Management LLC grew its position in shares of Exxon Mobil by 5.1% during the second quarter. HFG Wealth Management LLC now owns 38,012 shares of the oil and gas company’s stock worth $4,376,000 after acquiring an additional 1,854 shares during the last quarter. Pathway Financial Advisers LLC grew its position in shares of Exxon Mobil by 10.9% during the second quarter. Pathway Financial Advisers LLC now owns 4,399 shares of the oil and gas company’s stock worth $504,000 after acquiring an additional 434 shares during the last quarter. Truist Financial Corp grew its position in shares of Exxon Mobil by 16.4% during the second quarter. Truist Financial Corp now owns 2,313,569 shares of the oil and gas company’s stock worth $266,338,000 after acquiring an additional 326,007 shares during the last quarter. Finally, IMS Capital Management grew its position in shares of Exxon Mobil by 3.3% during the second quarter. IMS Capital Management now owns 8,926 shares of the oil and gas company’s stock worth $1,023,000 after acquiring an additional 285 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 2.0 %

Shares of XOM stock opened at $107.99 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The stock has a market cap of $474.64 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.86 and a beta of 0.91. The business has a fifty day simple moving average of $111.35 and a 200-day simple moving average of $115.41. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.67%. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.