Argyle Capital Management LLC Has $859,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Argyle Capital Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,989 shares of the oil and gas company’s stock after acquiring an additional 150 shares during the quarter. Argyle Capital Management LLC’s holdings in Exxon Mobil were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the fourth quarter worth $47,000. Compass Financial Services Inc acquired a new position in Exxon Mobil during the fourth quarter worth $48,000. Finally, Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the third quarter worth $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

NYSE:XOM opened at $111.33 on Friday. Exxon Mobil Co. has a 12-month low of $104.03 and a 12-month high of $126.34. 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 firm has a market capitalization of $483.08 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm has a 50-day moving average price of $108.95 and a 200 day moving average price of $114.23.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

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.