Exxon Mobil Co. (NYSE:XOM) Stock Position Raised by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 55.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,843 shares of the oil and gas company’s stock after buying an additional 7,788 shares during the period. Exxon Mobil accounts for approximately 0.3% of Howard Capital Management Inc.’s holdings, making the stock its 28th biggest position. Howard Capital Management Inc.’s holdings in Exxon Mobil were worth $2,184,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XOM. KB Financial Partners LLC acquired a new position in Exxon Mobil during the 1st quarter valued at about $27,000. IMA Wealth Inc. boosted its stake in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $43,000. Turim 21 Investimentos Ltda. lifted its stake in shares of Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $49,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.8 %

XOM stock opened at $118.69 on Wednesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company’s 50 day simple moving average is $110.57 and its 200-day simple moving average is $106.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization 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 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.40 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Truist Financial upped their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Piper Sandler reduced their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.44.

Insider Transactions at Exxon Mobil

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