Hutchinson Capital Management CA Sells 103 Shares of Exxon Mobil Co. (NYSE:XOM)

Hutchinson Capital Management CA lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,328 shares of the oil and gas company’s stock after selling 103 shares during the quarter. Exxon Mobil comprises 2.8% of Hutchinson Capital Management CA’s holdings, making the stock its 14th biggest position. Hutchinson Capital Management CA’s holdings in Exxon Mobil were worth $14,880,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the 3rd quarter worth approximately $51,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $111.98 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a fifty day moving average of $109.34 and a two-hundred day moving average of $113.65. The stock has a market capitalization of $485.90 billion, a PE ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

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

Exxon Mobil Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets dropped their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.