Argent Capital Management LLC Has $73.24 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Argent Capital Management LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 680,882 shares of the oil and gas company's stock after selling 19,236 shares during the quarter. Exxon Mobil makes up approximately 2.1% of Argent Capital Management LLC's portfolio, making the stock its 20th largest position. Argent Capital Management LLC's holdings in Exxon Mobil were worth $73,243,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.05 during midday trading on Friday, reaching $112.37. The company's stock had a trading volume of 19,031,708 shares, compared to its average volume of 14,482,704. The business's fifty day simple moving average is $112.73 and its 200-day simple moving average is $115.52. The company has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. Exxon Mobil's revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price on the stock. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil 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.