Collar Capital Management LLC Makes New $1.19 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Collar Capital Management LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 11,086 shares of the oil and gas company’s stock, valued at approximately $1,193,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Barclays lowered their target price on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada cut their price target on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.85.

Exxon Mobil Price Performance

Shares of XOM stock opened at $104.97 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm’s 50 day moving average price is $109.14 and its two-hundred day moving average price is $111.44. The stock has a market cap of $454.01 billion, a PE ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The firm’s revenue was up .1% compared to the same quarter last year. As a group, analysts forecast 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 will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 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.