Columbus Macro LLC Has $2.40 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Columbus Macro LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 62.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,310 shares of the oil and gas company’s stock after buying an additional 8,539 shares during the period. Columbus Macro LLC’s holdings in Exxon Mobil were worth $2,400,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vertex Planning Partners LLC raised its holdings in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares during the period. First Heartland Consultants Inc. boosted its position in shares of Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after buying an additional 87 shares during the period. Latitude Advisors LLC grew its holdings in shares of Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after buying an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC raised its position in Exxon Mobil by 0.6% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after buying an additional 88 shares during the last quarter. Finally, West Oak Capital LLC lifted its stake in Exxon Mobil by 0.6% in the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after acquiring an additional 92 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

XOM opened at $108.33 on Friday. The firm has a market cap of $476.11 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The business’s fifty day moving average is $109.78 and its 200-day moving average is $115.05. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. 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 (NYSE:XOM) last released its earnings results 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 business earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced 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 dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.