Capital Investment Counsel Inc Has $8.25 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Capital Investment Counsel Inc raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,546 shares of the oil and gas company’s stock after buying an additional 3,109 shares during the quarter. Exxon Mobil accounts for approximately 1.4% of Capital Investment Counsel Inc’s holdings, making the stock its 14th biggest holding. Capital Investment Counsel Inc’s holdings in Exxon Mobil were worth $8,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Exxon Mobil in the third quarter valued at about $91,000. Authentikos Wealth Advisory LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $92,000. Keener Financial Planning LLC bought a new position in Exxon Mobil in the 4th quarter valued at $80,000. Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its stake in shares of Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 525 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Stock Performance

XOM traded up $1.56 during trading hours on Monday, reaching $119.52. The company’s stock had a trading volume of 3,555,395 shares, compared to its average volume of 18,015,590. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a market cap of $473.09 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. The company’s 50-day moving average is $113.33 and its 200-day moving average is $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.

Exxon Mobil (NYSE:XOM) last announced its 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the firm posted $2.83 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 9.7 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. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. TD Cowen lifted their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Mizuho reiterated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average 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.