Carlson Capital Management Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Carlson Capital Management raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,620 shares of the oil and gas company’s stock after buying an additional 191 shares during the period. Carlson Capital Management’s holdings in Exxon Mobil were worth $1,035,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XOM. Vertex Planning Partners LLC grew its holdings in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. Longfellow Investment Management Co. LLC grew its holdings in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after purchasing an additional 88 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after acquiring an additional 92 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after acquiring an additional 93 shares in the last quarter. Finally, Cadent Capital Advisors LLC lifted its position in shares of Exxon Mobil by 0.3% in the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock valued at $4,020,000 after acquiring an additional 94 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group reduced their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $113.79 on Tuesday. The firm has a market cap of $493.74 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 3.02 and a beta of 0.83. The stock has a 50 day moving average of $109.47 and a 200-day moving average of $113.60. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Exxon Mobil Company 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.