Motco Has $10.86 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Motco decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,934 shares of the oil and gas company’s stock after selling 819 shares during the quarter. Exxon Mobil accounts for about 1.1% of Motco’s investment portfolio, making the stock its 29th largest holding. Motco’s holdings in Exxon Mobil were worth $10,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Fiducient Advisors LLC boosted its position in Exxon Mobil by 224.2% during the 3rd quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock worth $2,509,000 after acquiring an additional 14,803 shares during the period. Cornerstone Wealth Group LLC boosted its position in Exxon Mobil by 1.0% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock worth $9,671,000 after acquiring an additional 791 shares during the period. S.A. Mason LLC boosted its position in Exxon Mobil by 4.3% during the 3rd quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock worth $824,000 after acquiring an additional 291 shares during the period. Voisard Asset Management Group Inc. boosted its position in Exxon Mobil by 3.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock worth $543,000 after acquiring an additional 147 shares during the period. Finally, Catalyst Financial Partners LLC boosted its position in Exxon Mobil by 2.7% during the 3rd quarter. Catalyst Financial Partners LLC now owns 27,947 shares of the oil and gas company’s stock worth $3,276,000 after acquiring an additional 726 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $111.33 on Friday. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The firm has a market capitalization of $483.08 billion, a PE ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89. The business’s 50 day moving average is $108.95 and its 200-day moving average is $114.23. 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 quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business posted $2.48 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XOM shares. HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

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.