Exxon Mobil Co. (NYSE:XOM) Position Reduced by RNC Capital Management LLC

RNC Capital Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,725 shares of the oil and gas company’s stock after selling 1,798 shares during the period. RNC Capital Management LLC’s holdings in Exxon Mobil were worth $11,000,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC grew its position in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new position in Exxon Mobil in the first quarter worth approximately $275,000. Loomis Sayles & Co. L P grew its position in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares during the last quarter. Ergoteles LLC grew its position in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $237,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. B. Riley lifted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Citigroup lifted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $120.00 to $135.00 in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.64.

Exxon Mobil Stock Down 1.2 %

XOM stock opened at $99.84 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 1 year low of $78.10 and a 1 year high of $119.63. The company has a fifty day simple moving average of $111.74 and a 200 day simple moving average of $106.50. The firm has a market cap of $406.45 billion, a PE ratio of 7.53, a PEG ratio of 0.43 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 EPS. Exxon Mobil’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is 27.45%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

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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.