Picton Mahoney Asset Management Has $5.71 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Picton Mahoney Asset Management lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,110 shares of the oil and gas company’s stock after selling 6,135 shares during the quarter. Picton Mahoney Asset Management’s holdings in Exxon Mobil were worth $5,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Horizon Bancorp Inc. IN grew its holdings in shares of Exxon Mobil by 15.3% during the third quarter. Horizon Bancorp Inc. IN now owns 3,113 shares of the oil and gas company’s stock worth $366,000 after purchasing an additional 412 shares during the last quarter. Capital Advisors Inc. OK raised its position in shares of Exxon Mobil by 3.8% during the third quarter. Capital Advisors Inc. OK now owns 649,020 shares of the oil and gas company’s stock worth $76,312,000 after purchasing an additional 23,734 shares during the period. Stratos Wealth Partners LTD. raised its position in Exxon Mobil by 9.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 229,394 shares of the oil and gas company’s stock valued at $26,972,000 after buying an additional 18,962 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Exxon Mobil by 28.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 52,669 shares of the oil and gas company’s stock valued at $6,193,000 after buying an additional 11,609 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. raised its position in Exxon Mobil by 13.8% in the 3rd quarter. W.H. Cornerstone Investments Inc. now owns 4,092 shares of the oil and gas company’s stock valued at $481,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. TD Cowen raised their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Truist Financial increased their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 0.0 %

Shares of XOM stock traded down $0.02 on Wednesday, reaching $116.15. 18,465,115 shares of the company’s stock were exchanged, compared to its average volume of 18,822,346. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $457.98 billion, a PE ratio of 14.23, a P/E/G ratio of 4.03 and a beta of 0.96. The company’s fifty day simple moving average is $115.15 and its 200 day simple moving average is $106.95.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

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.