Sippican Capital Advisors Acquires 2,150 Shares of Exxon Mobil Co. (NYSE:XOM)

Sippican Capital Advisors raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,170 shares of the oil and gas company’s stock after purchasing an additional 2,150 shares during the period. Exxon Mobil accounts for about 1.3% of Sippican Capital Advisors’ holdings, making the stock its 28th largest holding. Sippican Capital Advisors’ holdings in Exxon Mobil were worth $1,617,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. KB Financial Partners LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $27,000. IMA Wealth Inc. boosted its stake in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. grew its holdings in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, Studio Investment Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $49,000. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now 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 accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

NYSE XOM opened at $118.63 on Thursday. The stock has a 50 day moving average price of $110.89 and a 200-day moving average price of $106.22. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $469.57 billion, a P/E ratio of 13.34, a P/E/G ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the business earned $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid 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 3.20%. Exxon Mobil’s payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. TD Cowen boosted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Piper Sandler lowered their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.44.

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.