Howard Capital Management Inc. Has $2.18 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Howard Capital Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 55.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,843 shares of the oil and gas company’s stock after purchasing an additional 7,788 shares during the quarter. Exxon Mobil accounts for approximately 0.3% of Howard Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Howard Capital Management Inc.’s holdings in Exxon Mobil were worth $2,184,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XOM. Assenagon Asset Management S.A. raised its position in shares of Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after purchasing an additional 575,649 shares during the period. Qsemble Capital Management LP grew its stake in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after acquiring an additional 1,200 shares in the last quarter. RNC Capital Management LLC grew its stake in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares in the last quarter. Meyer Handelman Co. grew its stake in shares of Exxon Mobil by 5.9% in the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after acquiring an additional 21,895 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 9.6% in the fourth quarter. Stratos Wealth Advisors LLC now owns 57,712 shares of the oil and gas company’s stock valued at $5,770,000 after acquiring an additional 5,043 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Piper Sandler lowered their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Price Performance

XOM opened at $118.69 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market capitalization of $469.81 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 4.15 and a beta of 0.96. The firm’s fifty day moving average price is $110.57 and its two-hundred day moving average price is $106.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.40 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

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.