Callan Capital LLC Has $482,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Callan Capital LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,824 shares of the oil and gas company’s stock after purchasing an additional 225 shares during the period. Callan Capital LLC’s holdings in Exxon Mobil were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Herold Advisors Inc. grew its position in Exxon Mobil by 3.7% during the fourth quarter. Herold Advisors Inc. now owns 35,112 shares of the oil and gas company’s stock worth $3,511,000 after buying an additional 1,260 shares in the last quarter. First Fiduciary Investment Counsel Inc. boosted its holdings in shares of Exxon Mobil by 12.6% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 4,474 shares of the oil and gas company’s stock valued at $447,000 after purchasing an additional 500 shares in the last quarter. Briaud Financial Planning Inc boosted its holdings in shares of Exxon Mobil by 2.2% in the 4th quarter. Briaud Financial Planning Inc now owns 12,285 shares of the oil and gas company’s stock valued at $1,228,000 after purchasing an additional 266 shares in the last quarter. Gould Asset Management LLC CA lifted its stake in shares of Exxon Mobil by 70.4% in the 4th quarter. Gould Asset Management LLC CA now owns 7,651 shares of the oil and gas company’s stock valued at $765,000 after acquiring an additional 3,160 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust lifted its stake in shares of Exxon Mobil by 3.6% in the 4th quarter. New Jersey Better Educational Savings Trust now owns 8,164 shares of the oil and gas company’s stock valued at $816,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.8 %

XOM stock traded down $3.37 during mid-day trading on Friday, reaching $117.96. 27,289,468 shares of the company traded hands, compared to its average volume of 16,002,832. The stock has a market cap of $466.92 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 4.17 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s 50 day moving average price is $113.33 and its 200 day moving average price is $106.67.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.83 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. TD Cowen increased their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.