Holowesko Partners Ltd. Has $16.33 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Holowesko Partners Ltd. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,800 shares of the oil and gas company’s stock after selling 28,573 shares during the period. Exxon Mobil makes up approximately 7.5% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 6th biggest position. Holowesko Partners Ltd.’s holdings in Exxon Mobil were worth $16,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XOM. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 28.6% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 6,403 shares of the oil and gas company’s stock worth $689,000 after purchasing an additional 1,423 shares during the last quarter. Inkwell Capital LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $3,204,000. Walled Lake Planning & Wealth Management LLC grew its holdings in Exxon Mobil by 85.2% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,485 shares of the oil and gas company’s stock worth $698,000 after purchasing an additional 2,984 shares during the period. United Bank increased its stake in Exxon Mobil by 11.0% in the fourth quarter. United Bank now owns 19,888 shares of the oil and gas company’s stock valued at $2,139,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $13,457,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XOM shares. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.05.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $117.66 on Friday. 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 company has a market cap of $510.53 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The firm’s 50-day simple moving average is $110.73 and its two-hundred day simple moving average is $113.71.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the firm earned $2.48 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.