Waterloo Capital L.P. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Waterloo Capital L.P. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,315 shares of the oil and gas company’s stock after buying an additional 1,182 shares during the period. Waterloo Capital L.P.’s holdings in Exxon Mobil were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Titleist Asset Management LLC boosted its stake in Exxon Mobil by 87.3% during the fourth quarter. Titleist Asset Management LLC now owns 65,831 shares of the oil and gas company’s stock worth $7,081,000 after buying an additional 30,675 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Exxon Mobil by 34.9% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 630,000 shares of the oil and gas company’s stock valued at $67,769,000 after purchasing an additional 163,000 shares during the period. Rahlfs Capital LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $4,138,000. Hemenway Trust Co LLC boosted its holdings in Exxon Mobil by 2.5% in the 4th quarter. Hemenway Trust Co LLC now owns 16,510 shares of the oil and gas company’s stock valued at $1,776,000 after purchasing an additional 397 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Exxon Mobil by 5.5% in the 4th quarter. Wedbush Securities Inc. now owns 127,457 shares of the oil and gas company’s stock valued at $13,711,000 after buying an additional 6,602 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Barclays cut their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

Exxon Mobil Stock Down 7.3 %

Exxon Mobil stock opened at $104.17 on Friday. The stock has a market cap of $452.01 billion, a PE ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s fifty day moving average is $111.16 and its two-hundred day moving average is $113.81. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business posted $2.48 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.