Stevens Capital Management LP Sells 37,295 Shares of Exxon Mobil Co. (NYSE:XOM)

Stevens Capital Management LP lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 61.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,773 shares of the oil and gas company’s stock after selling 37,295 shares during the period. Exxon Mobil comprises about 1.0% of Stevens Capital Management LP’s investment portfolio, making the stock its 13th biggest position. Stevens Capital Management LP’s holdings in Exxon Mobil were worth $2,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.30 on Friday. The firm has a market cap of $500.29 billion, a PE ratio of 14.71, a PEG ratio of 3.02 and a beta of 0.83. The firm has a fifty day moving average of $110.09 and a 200 day moving average of $113.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 posted $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on XOM shares. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Barclays lowered their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction 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 owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate 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.