Lee Danner & Bass Inc. Acquires 9,857 Shares of Exxon Mobil Co. (NYSE:XOM)

Lee Danner & Bass Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 153,389 shares of the oil and gas company’s stock after purchasing an additional 9,857 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of Lee Danner & Bass Inc.’s portfolio, making the stock its 17th largest position. Lee Danner & Bass Inc.’s holdings in Exxon Mobil were worth $16,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Exxon Mobil by 3.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 136,510 shares of the oil and gas company’s stock worth $14,684,000 after acquiring an additional 4,827 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings in shares of Exxon Mobil by 1.1% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 87,841 shares of the oil and gas company’s stock worth $9,449,000 after acquiring an additional 920 shares during the period. Holderness Investments Co. increased its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Holderness Investments Co. now owns 47,929 shares of the oil and gas company’s stock worth $5,156,000 after purchasing an additional 541 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Exxon Mobil by 7.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 65,198 shares of the oil and gas company’s stock worth $7,013,000 after purchasing an additional 4,688 shares in the last quarter. Finally, Symmetry Partners LLC increased its position in shares of Exxon Mobil by 617.2% during the 4th quarter. Symmetry Partners LLC now owns 17,083 shares of the oil and gas company’s stock worth $1,838,000 after purchasing an additional 14,701 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. 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. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. TD Cowen dropped their target price 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. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Stock Up 0.4 %

Shares of NYSE:XOM opened at $115.84 on Friday. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a 50 day moving average of $109.92 and a 200-day moving average of $113.60. 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 stock has a market cap of $502.63 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 firm posted $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

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.