Adams Natural Resources Fund Inc. Has $154.25 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Adams Natural Resources Fund Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,433,955 shares of the oil and gas company's stock after selling 56,000 shares during the period. Exxon Mobil accounts for 24.4% of Adams Natural Resources Fund Inc.'s portfolio, making the stock its largest holding. Adams Natural Resources Fund Inc.'s holdings in Exxon Mobil were worth $154,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sciencast Management LP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $3,044,000. ZEGA Investments LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $8,650,000. Summit Global Investments grew its holdings in Exxon Mobil by 50.2% in the 4th quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company's stock valued at $926,000 after buying an additional 2,876 shares during the last quarter. Millstone Evans Group LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $695,000. Finally, Washington Trust Bank lifted its holdings in shares of Exxon Mobil by 0.4% during the fourth quarter. Washington Trust Bank now owns 75,860 shares of the oil and gas company's stock worth $8,160,000 after buying an additional 285 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.60 during trading on Friday, reaching $115.30. The stock had a trading volume of 41,069,424 shares, compared to its average volume of 14,964,797. The stock has a market capitalization of $500.29 billion, a PE ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The business's 50-day moving average price is $110.09 and its 200 day moving average price is $113.57.

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Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 last year, the firm earned $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XOM. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Barclays decreased their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $129.15.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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.