Exxon Mobil Co. (NYSE:XOM) Stock Position Reduced by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 89,075 shares of the oil and gas company’s stock after selling 1,442 shares during the quarter. Exxon Mobil makes up about 1.1% of Oxbow Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Oxbow Advisors LLC’s holdings in Exxon Mobil were worth $9,582,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil in the fourth quarter valued at $47,000. Compass Financial Services Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $48,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter valued at $51,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on XOM shares. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $111.18 on Tuesday. The company has a market capitalization of $482.42 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $108.65 and a 200-day moving average of $114.44. Exxon Mobil Co. has a one year low of $103.05 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced 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 period in the previous year, the company earned $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.