Rahlfs Capital LLC Purchases New Holdings in Exxon Mobil Co. (NYSE:XOM)

Rahlfs Capital LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 38,465 shares of the oil and gas company’s stock, valued at approximately $4,138,000. Exxon Mobil comprises about 3.9% of Rahlfs Capital LLC’s holdings, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Principal Financial Group Inc. boosted its holdings in Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after buying an additional 521,932 shares during the last quarter. United Bank boosted its position in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Exxon Mobil by 12.8% in the 3rd quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company’s stock valued at $67,631,000 after buying an additional 65,311 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its position in shares of Exxon Mobil by 17.3% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 16,036 shares of the oil and gas company’s stock valued at $1,880,000 after buying an additional 2,369 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Exxon Mobil during the 3rd quarter worth $28,084,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Mizuho lowered their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $128.80.

Exxon Mobil Stock Performance

XOM opened at $104.17 on Friday. The firm has a market cap of $452.01 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The business’s fifty day moving average is $111.16 and its 200-day moving average is $113.81. Exxon Mobil Co. has a 52-week low of $103.67 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 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

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.