ICW Investment Advisors LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

ICW Investment Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,725 shares of the oil and gas company’s stock after buying an additional 106 shares during the quarter. Exxon Mobil comprises about 1.2% of ICW Investment Advisors LLC’s holdings, making the stock its 24th biggest holding. ICW Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of XOM. Root Financial Partners LLC grew its holdings in shares of Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 83.0% during the 3rd 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 buying an additional 575,649 shares during the last quarter. Qsemble Capital Management LP increased its position 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 buying an additional 1,200 shares during the period. RNC Capital Management LLC lifted its stake in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after buying an additional 4,585 shares during the last quarter. Finally, Dupree Financial Group LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $378,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction 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 directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 1.8 %

Shares of XOM traded down $2.07 during mid-day trading on Wednesday, reaching $116.20. 12,288,430 shares of the stock traded hands, compared to its average volume of 18,153,135. The stock has a fifty day simple moving average of $113.96 and a 200 day simple moving average of $106.79. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $459.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.83 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.62 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Finally, HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.56.

Exxon Mobil 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.