Vicus Capital Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Vicus Capital decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,915 shares of the oil and gas company’s stock after selling 1,547 shares during the period. Vicus Capital’s holdings in Exxon Mobil were worth $1,191,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $487,000. Gradient Capital Advisors LLC boosted its stake in Exxon Mobil by 4.3% during the 4th quarter. Gradient Capital Advisors LLC now owns 3,946 shares of the oil and gas company’s stock valued at $395,000 after acquiring an additional 161 shares during the last quarter. Annapolis Financial Services LLC grew its holdings in Exxon Mobil by 7.3% during the 4th quarter. Annapolis Financial Services LLC now owns 2,229 shares of the oil and gas company’s stock worth $223,000 after acquiring an additional 152 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its position in shares of Exxon Mobil by 0.8% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 35,404 shares of the oil and gas company’s stock worth $3,540,000 after purchasing an additional 282 shares during the last quarter. Finally, Calamos Wealth Management LLC raised its stake in shares of Exxon Mobil by 4.7% in the 4th quarter. Calamos Wealth Management LLC now owns 16,326 shares of the oil and gas company’s stock valued at $1,632,000 after purchasing an additional 734 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Truist Financial lifted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Performance

Shares of XOM opened at $120.58 on Tuesday. The company has a 50-day moving average of $111.89 and a two-hundred day moving average of $106.31. The stock has a market cap of $477.29 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the business posted $3.40 EPS. The company’s revenue was down 11.6% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

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.