Exxon Mobil Co. (NYSE:XOM) Position Trimmed by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,977 shares of the oil and gas company’s stock after selling 388 shares during the period. Exxon Mobil makes up approximately 4.2% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 5th largest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Exxon Mobil were worth $11,315,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Compass Financial Services Inc purchased a new stake in Exxon Mobil in the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter valued at about $51,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.2 %

Shares of XOM opened at $107.55 on Wednesday. The company’s fifty day simple moving average is $109.00 and its 200-day simple moving average is $114.04. The company has a market cap of $466.67 billion, a P/E ratio of 13.72, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $104.32 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. TD Cowen reduced their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

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.