Primecap Management Co. CA Has $701.68 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Primecap Management Co. CA trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,522,990 shares of the oil and gas company’s stock after selling 561,562 shares during the quarter. Primecap Management Co. CA’s holdings in Exxon Mobil were worth $701,678,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on XOM shares. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Up 1.7 %

Shares of XOM stock opened at $113.79 on Tuesday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The firm’s fifty day simple moving average is $109.47 and its 200 day simple moving average is $113.60. The firm has a market capitalization of $493.74 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. 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 (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were 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 $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

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.