Carmel Capital Partners LLC Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Carmel Capital Partners LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,422 shares of the oil and gas company’s stock after selling 135 shares during the period. Carmel Capital Partners LLC’s holdings in Exxon Mobil were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of XOM. Eagle Asset Management Inc. grew its stake in Exxon Mobil by 3.6% in the 4th quarter. Eagle Asset Management Inc. now owns 82,098 shares of the oil and gas company’s stock valued at $4,990,000 after buying an additional 2,863 shares in the last quarter. PFS Investments Inc. grew its stake in Exxon Mobil by 9.7% in the 4th quarter. PFS Investments Inc. now owns 26,889 shares of the oil and gas company’s stock valued at $1,645,000 after buying an additional 2,367 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Exxon Mobil by 16.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 66,192 shares of the oil and gas company’s stock valued at $4,050,000 after purchasing an additional 9,128 shares in the last quarter. Alberta Investment Management Corp grew its position in shares of Exxon Mobil by 18.6% during the 4th quarter. Alberta Investment Management Corp now owns 209,654 shares of the oil and gas company’s stock valued at $12,829,000 after purchasing an additional 32,854 shares in the last quarter. Finally, KRS Capital Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $489,000. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $93.21 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $388.47 billion, a PE ratio of 10.20, a P/E/G ratio of 0.31 and a beta of 1.07. The firm has a fifty day simple moving average of $92.47 and a two-hundred day simple moving average of $89.62. Exxon Mobil Co. has a twelve month low of $52.96 and a twelve month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s quarterly revenue was up 70.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. Research analysts expect that Exxon Mobil Co. will post 12.69 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is 38.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. HSBC boosted their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Bank of America boosted their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Truist Financial reduced their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Barclays upped their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Finally, Morgan Stanley upped their target price on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.69.

Exxon Mobil Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.