Councilmark Asset Management LLC Has $1.39 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Councilmark Asset Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,955 shares of the oil and gas company’s stock after purchasing an additional 102 shares during the period. Councilmark Asset Management LLC’s holdings in Exxon Mobil were worth $1,394,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. North Forty Two & Co. purchased a new stake in Exxon Mobil in the 4th quarter valued at $780,000. VSM Wealth Advisory LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $2,666,000. Fox Hill Wealth Management raised its position in Exxon Mobil by 7.1% in the 4th quarter. Fox Hill Wealth Management now owns 3,565 shares of the oil and gas company’s stock valued at $383,000 after buying an additional 235 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in Exxon Mobil by 185.3% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,285 shares of the oil and gas company’s stock valued at $1,746,000 after buying an additional 10,577 shares during the last quarter. Finally, Brooklyn FI LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $343,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Barclays lowered their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank decreased their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler decreased their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” 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 given 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE XOM opened at $113.61 on Wednesday. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The business has a 50-day simple moving average of $109.56 and a two-hundred day simple moving average of $113.57. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $492.95 billion, a P/E ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) 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 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 period in the previous year, the firm posted $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio is 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 stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, 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 SEC, which is accessible through this link. 0.03% of the stock is currently owned by 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.