RNC Capital Management LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

RNC Capital Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,761 shares of the oil and gas company’s stock after selling 1,624 shares during the period. RNC Capital Management LLC’s holdings in Exxon Mobil were worth $9,978,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. Carnegie Investment Counsel increased its stake in shares of Exxon Mobil by 0.8% during the 3rd quarter. Carnegie Investment Counsel now owns 50,331 shares of the oil and gas company’s stock worth $5,899,000 after purchasing an additional 385 shares during the last quarter. Alken Asset Management Ltd purchased a new stake in Exxon Mobil in the third quarter worth $105,000. Rise Advisors LLC raised its stake in shares of Exxon Mobil by 22.0% in the third quarter. Rise Advisors LLC now owns 10,182 shares of the oil and gas company’s stock valued at $1,193,000 after buying an additional 1,837 shares during the period. Willis Investment Counsel lifted its position in shares of Exxon Mobil by 0.9% during the 3rd quarter. Willis Investment Counsel now owns 207,398 shares of the oil and gas company’s stock valued at $24,311,000 after buying an additional 1,783 shares during the last quarter. Finally, Thomasville National Bank grew its stake in shares of Exxon Mobil by 3.9% during the 3rd quarter. Thomasville National Bank now owns 193,895 shares of the oil and gas company’s stock worth $22,728,000 after acquiring an additional 7,222 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.9 %

XOM stock opened at $110.98 on Tuesday. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The company has a market capitalization of $487.75 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The company’s 50 day moving average price is $109.41 and its two-hundred day moving average price is $114.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm earned $2.48 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Bernstein Bank boosted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Finally, Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

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.