Exxon Mobil Co. (NYSE:XOM) Shares Sold by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. lessened its stake in Exxon Mobil Co. (NYSE:XOMGet 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 (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping the consensus estimate of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business had revenue of $112.07 billion for the quarter, compared to analysts’ expectations of $102.96 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 51.9% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.

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

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

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