Howard Capital Management Inc. Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Howard Capital Management Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,036 shares of the oil and gas company’s stock after purchasing an additional 1,802 shares during the quarter. Howard Capital Management Inc.’s holdings in Exxon Mobil were worth $4,952,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Compass Financial Services Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth $51,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Scotiabank cut their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Down 1.4 %

Shares of NYSE:XOM opened at $109.75 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $108.69 and a 200 day simple moving average of $114.37. The firm has a market cap of $476.20 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $103.05 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.