Charles Schwab Investment Management Inc. Has $2.69 Billion Stock Position in Exxon Mobil Co. (NYSE:XOM)

Charles Schwab Investment Management Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,042,348 shares of the oil and gas company’s stock after selling 482,516 shares during the quarter. Exxon Mobil accounts for about 0.7% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 26th largest holding. Charles Schwab Investment Management Inc. owned 0.68% of Exxon Mobil worth $2,688,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of XOM. Trellis Wealth Advisors LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $238,000. Sweet Financial Partners LLC increased its position in Exxon Mobil by 3.8% in the 3rd quarter. Sweet Financial Partners LLC now owns 15,325 shares of the oil and gas company’s stock worth $1,802,000 after buying an additional 563 shares during the period. First Bancorp Inc ME increased its position in Exxon Mobil by 5.4% in the 3rd quarter. First Bancorp Inc ME now owns 23,084 shares of the oil and gas company’s stock worth $2,714,000 after buying an additional 1,178 shares during the period. Accurate Wealth Management LLC increased its position in Exxon Mobil by 2.4% in the 3rd quarter. Accurate Wealth Management LLC now owns 63,287 shares of the oil and gas company’s stock worth $7,049,000 after buying an additional 1,477 shares during the period. Finally, Balboa Wealth Partners grew its holdings in shares of Exxon Mobil by 25.4% during the 3rd quarter. Balboa Wealth Partners now owns 8,240 shares of the oil and gas company’s stock worth $969,000 after purchasing an additional 1,668 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Finally, Truist Financial boosted their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.18.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.02 during mid-day trading on Wednesday, reaching $116.19. The company had a trading volume of 7,253,301 shares, compared to its average volume of 18,691,273. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market cap of $458.14 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 4.03 and a beta of 0.96. The company’s 50-day moving average price is $115.15 and its 200-day moving average price is $106.95. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business 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 earned $2.83 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

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.