Clare Market Investments LLC Makes New $3.24 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Clare Market Investments LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 30,117 shares of the oil and gas company’s stock, valued at approximately $3,240,000. Exxon Mobil makes up about 0.8% of Clare Market Investments LLC’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds have also recently modified their holdings of the company. Vista Investment Partners II LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $1,000,000. Morton Community Bank raised its holdings in shares of Exxon Mobil by 2.2% in the 4th quarter. Morton Community Bank now owns 29,471 shares of the oil and gas company’s stock worth $3,170,000 after purchasing an additional 630 shares during the period. Ranch Capital Advisors Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $1,122,000. Tortoise Investment Management LLC raised its holdings in shares of Exxon Mobil by 2.8% in the 4th quarter. Tortoise Investment Management LLC now owns 4,214 shares of the oil and gas company’s stock worth $453,000 after purchasing an additional 115 shares during the period. Finally, Independent Advisor Alliance raised its holdings in shares of Exxon Mobil by 8.4% in the 4th quarter. Independent Advisor Alliance now owns 325,205 shares of the oil and gas company’s stock worth $34,982,000 after purchasing an additional 25,331 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company reduced their price objective 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. BMO Capital Markets reduced their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler reduced their price objective 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $109.05 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $473.20 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. The firm has a fifty day simple moving average of $109.05 and a two-hundred day simple moving average of $113.87. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company earned $2.48 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.