Notis McConarty Edward Has $2.58 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Notis McConarty Edward trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,948 shares of the oil and gas company’s stock after selling 1,633 shares during the quarter. Exxon Mobil accounts for 1.2% of Notis McConarty Edward’s portfolio, making the stock its 28th largest position. Notis McConarty Edward’s holdings in Exxon Mobil were worth $2,576,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC boosted its holdings in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after acquiring an additional 93 shares during the period. Cadent Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock valued at $4,020,000 after acquiring an additional 94 shares during the period. Lincoln Capital LLC grew its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock worth $917,000 after purchasing an additional 94 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its holdings in Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 7.3 %

Shares of NYSE XOM opened at $104.17 on Friday. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $452.01 billion, a P/E ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60. The firm has a 50 day moving average price of $111.16 and a 200 day moving average price of $113.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 last year, the business posted $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. Barclays reduced their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Mizuho dropped their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Thursday. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong 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 price target of $128.80.

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.