Agate Pass Investment Management LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Agate Pass Investment Management LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,535 shares of the oil and gas company’s stock after selling 164 shares during the period. Agate Pass Investment Management LLC’s holdings in Exxon Mobil were worth $1,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thomasville National Bank increased its stake in Exxon Mobil by 1.5% in the 4th quarter. Thomasville National Bank now owns 196,757 shares of the oil and gas company’s stock worth $21,165,000 after acquiring an additional 2,862 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Exxon Mobil in the fourth quarter worth $7,748,000. Capital Investment Advisors LLC raised its stake in Exxon Mobil by 0.3% during the fourth quarter. Capital Investment Advisors LLC now owns 209,554 shares of the oil and gas company’s stock valued at $22,542,000 after purchasing an additional 647 shares in the last quarter. City State Bank lifted its position in Exxon Mobil by 2.0% during the fourth quarter. City State Bank now owns 6,326 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 126 shares during the last quarter. Finally, Trust Co. of Toledo NA OH grew its stake in shares of Exxon Mobil by 4.1% in the 4th quarter. Trust Co. of Toledo NA OH now owns 73,589 shares of the oil and gas company’s stock worth $7,916,000 after buying an additional 2,870 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on XOM shares. Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Piper Sandler decreased their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Up 1.9 %

NYSE:XOM traded up $1.99 during midday trading on Monday, hitting $108.53. The stock had a trading volume of 6,671,754 shares, compared to its average volume of 14,073,593. The stock has a 50-day moving average of $113.49 and a 200 day moving average of $115.65. The company has a market capitalization of $477.00 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

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.