Callahan Advisors LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,264 shares of the oil and gas company's stock after selling 4,266 shares during the quarter. Exxon Mobil accounts for about 1.6% of Callahan Advisors LLC's holdings, making the stock its 18th largest position. Callahan Advisors LLC's holdings in Exxon Mobil were worth $16,809,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil during the fourth quarter valued at $48,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter valued at $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Shares of XOM traded down $1.33 during trading hours on Friday, hitting $110.67. The company had a trading volume of 14,676,984 shares, compared to its average volume of 14,051,395. The firm has a market cap of $480.20 billion, a P/E ratio of 14.12, a P/E/G ratio of 3.02 and a beta of 0.89. The stock's 50 day moving average price is $108.60 and its 200 day moving average price is $114.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $2.48 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. Exxon Mobil's payout ratio is presently 50.51%.
XOM has been the subject of several research reports. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.
Get Our Latest Analysis on XOM
In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by insiders.
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.
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