Carlton Hofferkamp & Jenks Wealth Management LLC Has $11.32 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Carlton Hofferkamp & Jenks Wealth Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,977 shares of the oil and gas company’s stock after selling 388 shares during the quarter. Exxon Mobil accounts for about 4.2% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Exxon Mobil were worth $11,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DDFG Inc increased its holdings in shares of Exxon Mobil by 1.6% in the 4th quarter. DDFG Inc now owns 26,384 shares of the oil and gas company’s stock worth $2,838,000 after buying an additional 416 shares during the last quarter. James Reed Financial Services Inc. purchased a new position in Exxon Mobil in the fourth quarter worth $243,000. Reaves W H & Co. Inc. increased its stake in Exxon Mobil by 2,447.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 326,075 shares of the oil and gas company’s stock valued at $35,076,000 after acquiring an additional 313,275 shares during the last quarter. WMG Financial Advisors LLC increased its stake in Exxon Mobil by 6.0% in the fourth quarter. WMG Financial Advisors LLC now owns 8,715 shares of the oil and gas company’s stock valued at $938,000 after acquiring an additional 492 shares during the last quarter. Finally, Unified Investment Management purchased a new stake in Exxon Mobil during the fourth quarter valued at about $545,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $107.55 on Wednesday. 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 firm’s fifty day simple moving average is $109.00 and its 200 day simple moving average is $114.04. The stock has a market cap of $466.67 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $104.32 and a twelve month 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 posted $2.48 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company 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 dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets lowered 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 report on Friday, January 31st. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

In related 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 directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.