SlateStone Wealth LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

SlateStone Wealth LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,930 shares of the oil and gas company’s stock after purchasing an additional 1,284 shares during the period. SlateStone Wealth LLC’s holdings in Exxon Mobil were worth $3,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased 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 valued at $786,453,000 after buying an additional 521,932 shares during the last quarter. United Bank increased its holdings in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Exxon Mobil by 1.4% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 71,573 shares of the oil and gas company’s stock valued at $8,390,000 after buying an additional 962 shares during the last quarter. Empirical Finance LLC increased its holdings in Exxon Mobil by 1.9% during the third quarter. Empirical Finance LLC now owns 160,836 shares of the oil and gas company’s stock valued at $18,853,000 after buying an additional 3,036 shares during the last quarter. Finally, Archer Investment Corp increased its holdings in Exxon Mobil by 4.7% during the third quarter. Archer Investment Corp now owns 22,932 shares of the oil and gas company’s stock valued at $2,688,000 after buying an additional 1,023 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 3.0 %

Shares of XOM opened at $111.98 on Friday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company has a market cap of $485.90 billion, a P/E ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $109.34 and its 200-day simple moving average is $113.65.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 previous year, the company posted $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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.