Cannell & Spears LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Cannell & Spears LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,137 shares of the oil and gas company's stock after purchasing an additional 5,006 shares during the quarter. Cannell & Spears LLC's holdings in Exxon Mobil were worth $19,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction that occurred 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 owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

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Exxon Mobil Stock Up 0.0 %

XOM stock traded up $0.00 during trading on Tuesday, hitting $118.93. 12,421,849 shares of the company's stock were exchanged, compared to its average volume of 15,724,393. The stock has a market capitalization of $516.06 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $110.87 and a two-hundred day moving average price of $113.80.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS 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 $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

A number of analysts have issued reports on XOM shares. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. UBS Group cut their price objective 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. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.05.

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.