Elk River Wealth Management LLC Has $432,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Elk River Wealth Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,321 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Elk River Wealth Management LLC’s holdings in Exxon Mobil were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XOM. Assenagon Asset Management S.A. boosted its holdings in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after purchasing an additional 575,649 shares during the last quarter. Qsemble Capital Management LP boosted its holdings in Exxon Mobil by 34.3% during the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares during the last quarter. Meyer Handelman Co. boosted its stake in Exxon Mobil by 5.9% in the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after acquiring an additional 21,895 shares during the last quarter. Flputnam Investment Management Co. boosted its stake in Exxon Mobil by 36.0% in the third quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock valued at $10,276,000 after acquiring an additional 23,148 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in Exxon Mobil by 41.3% in the third quarter. HB Wealth Management LLC now owns 160,807 shares of the oil and gas company’s stock valued at $18,908,000 after acquiring an additional 46,987 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.19 during trading on Thursday, reaching $116.16. The company had a trading volume of 8,795,014 shares, compared to its average volume of 18,321,352. The company has a fifty day moving average of $104.98 and a two-hundred day moving average of $105.89. The stock has a market capitalization of $460.90 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the firm earned $3.40 EPS. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XOM shares. Piper Sandler dropped their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Tuesday, January 23rd. Mizuho upped their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. UBS Group dropped their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate 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.