Keating Investment Counselors Inc. lessened its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,477 shares of the oil and gas company’s stock after selling 150 shares during the period. Exxon Mobil accounts for about 1.4% of Keating Investment Counselors Inc.’s holdings, making the stock its 24th biggest position. Keating Investment Counselors Inc.’s holdings in Exxon Mobil were worth $3,097,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC increased its position in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new position in Exxon Mobil during the 1st quarter worth approximately $275,000. Loomis Sayles & Co. L P increased its position in Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC grew its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $237,000. Institutional investors and hedge funds own 57.49% of the company’s stock.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $113.81 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. Exxon Mobil Co. has a one year low of $71.39 and a one year high of $126.54. The company’s 50-day simple moving average is $109.54 and its 200-day simple moving average is $101.20. The stock has a market capitalization of $468.70 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.48 and a beta of 1.11.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.71%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the transaction, the vice president now owns 34,272 shares of the company’s stock, valued at $3,598,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
XOM has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Exxon Mobil from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Piper Sandler dropped their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, October 18th. Finally, Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective for the company in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.35.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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