Carnegie Capital Asset Management LLC Has $3.95 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Carnegie Capital Asset Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,544 shares of the oil and gas company’s stock after selling 1,090 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Exxon Mobil were worth $3,954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its position in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the last quarter. Morgan Stanley raised its position in Exxon Mobil by 2.0% in the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Norges Bank bought a new position in Exxon Mobil in the 4th quarter worth approximately $5,226,390,000. Finally, Northern Trust Corp raised its position in Exxon Mobil by 1.3% in the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after purchasing an additional 576,078 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

XOM opened at $118.69 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a fifty day simple moving average of $110.57 and a 200 day simple moving average of $106.13. The stock has a market cap of $469.81 billion, a P/E ratio of 13.35, a P/E/G ratio of 4.15 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the prior year, the company earned $3.40 EPS. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Exxon Mobil 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.