Callahan Advisors LLC Has $16.81 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Callahan Advisors LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,264 shares of the oil and gas company's stock after selling 4,266 shares during the quarter. Exxon Mobil makes up approximately 1.6% of Callahan Advisors LLC's holdings, making the stock its 18th largest holding. Callahan Advisors LLC's holdings in Exxon Mobil were worth $16,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Kentucky Retirement Systems Insurance Trust Fund raised its position in Exxon Mobil by 17.6% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 154,702 shares of the oil and gas company's stock worth $15,656,000 after purchasing an additional 23,161 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Exxon Mobil by 11.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 23,220 shares of the oil and gas company's stock worth $2,498,000 after purchasing an additional 2,459 shares during the last quarter. Valley Wealth Managers Inc. raised its position in Exxon Mobil by 16.3% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,721 shares of the oil and gas company's stock worth $4,380,000 after purchasing an additional 5,699 shares during the last quarter. Cardinal Capital Management raised its position in Exxon Mobil by 0.8% in the 4th quarter. Cardinal Capital Management now owns 112,659 shares of the oil and gas company's stock worth $12,119,000 after purchasing an additional 913 shares during the last quarter. Finally, Davidson Trust Co. raised its position in Exxon Mobil by 1.2% in the 4th quarter. Davidson Trust Co. now owns 35,744 shares of the oil and gas company's stock worth $3,845,000 after purchasing an additional 438 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on XOM. Morgan Stanley upped their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, TD Cowen lowered 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.25.

Exxon Mobil Trading Down 1.2 %

Exxon Mobil stock opened at $110.67 on Friday. The firm has a 50-day moving average of $108.60 and a 200-day moving average of $114.49. Exxon Mobil Co. has a one year low of $102.88 and a one year high of $126.34. 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 company has a market cap of $486.39 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the company earned $2.48 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.58%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction dated 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 sale, 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 document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

About Exxon Mobil

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.

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