Exxon Mobil Corporation $XOM is Longbow Finance SA’s 9th Largest Position

Longbow Finance SA lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,005 shares of the oil and gas company’s stock after selling 36,413 shares during the period. Exxon Mobil comprises 2.5% of Longbow Finance SA’s portfolio, making the stock its 9th largest holding. Longbow Finance SA’s holdings in Exxon Mobil were worth $25,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter worth $30,000. Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares in the last quarter. Clayton Financial Group LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth about $40,000. TruNorth Capital Management LLC increased its holdings in Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its position in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $150.16 on Friday. The stock has a market capitalization of $633.23 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 16.18 and a beta of 0.39. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93. The stock’s fifty day simple moving average is $128.62 and its 200-day simple moving average is $118.47.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. Morgan Stanley lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Piper Sandler cut their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.59.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 14,230 shares of company stock valued at $1,888,421 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.