Clarendon Private LLC Takes $990,000 Position in Exxon Mobil Co. (NYSE:XOM)

Clarendon Private LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,200 shares of the oil and gas company’s stock, valued at approximately $990,000. Exxon Mobil comprises 1.0% of Clarendon Private LLC’s portfolio, making the stock its 21st biggest holding.

Other hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter worth about $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter worth about $54,000. Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $63,000. Finally, Annapolis Financial Services LLC grew its stake in shares of Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler lowered 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. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $107.99 on Wednesday. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The firm has a market capitalization of $474.64 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a fifty day simple moving average of $111.35 and a two-hundred day simple moving average of $115.41. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

About Exxon Mobil

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.