Little House Capital LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Little House Capital LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,252 shares of the oil and gas company’s stock after selling 182 shares during the period. Little House Capital LLC’s holdings in Exxon Mobil were worth $1,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. FMR LLC increased its stake in shares of Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after buying an additional 4,162,149 shares during the period. Morgan Stanley increased its position in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Northern Trust Corp raised its holdings in Exxon Mobil by 1.3% in the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after purchasing an additional 576,078 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Exxon Mobil by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after purchasing an additional 132,196 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Exxon Mobil by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after purchasing an additional 1,252,505 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $117.96 on Monday. The stock has a 50-day moving average of $113.33 and a 200 day moving average of $106.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market capitalization of $466.92 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the firm earned $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

XOM has been the topic of several research reports. Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. UBS Group upped their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Truist Financial increased their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.