Arcataur Capital Management LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Arcataur Capital Management LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,415 shares of the oil and gas company’s stock after purchasing an additional 190 shares during the quarter. Arcataur Capital Management LLC’s holdings in Exxon Mobil were worth $441,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its holdings in Exxon Mobil by 4.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 123,041 shares of the oil and gas company’s stock worth $12,302,000 after acquiring an additional 5,756 shares in the last quarter. Buckingham Capital Management Inc. grew its stake in shares of Exxon Mobil by 24.4% during the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 2,040 shares in the last quarter. Kinsale Capital Group Inc. increased its holdings in Exxon Mobil by 33.0% in the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after buying an additional 9,657 shares during the last quarter. First City Capital Management Inc. raised its stake in Exxon Mobil by 2.2% in the fourth quarter. First City Capital Management Inc. now owns 46,553 shares of the oil and gas company’s stock valued at $4,654,000 after buying an additional 992 shares in the last quarter. Finally, Donoghue Forlines LLC lifted its holdings in Exxon Mobil by 10.9% during the 4th quarter. Donoghue Forlines LLC now owns 11,189 shares of the oil and gas company’s stock worth $1,119,000 after buying an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. UBS Group raised their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. TD Cowen increased their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Piper Sandler boosted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.18.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.48 during trading hours on Friday, hitting $117.96. 13,648,130 shares of the stock were exchanged, compared to its average volume of 20,405,034. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a 50-day moving average of $115.90 and a 200 day moving average of $107.15. The company has a market cap of $465.12 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business posted $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value 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 disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.