Douglass Winthrop Advisors LLC Acquires 920 Shares of Exxon Mobil Co. (NYSE:XOM)

Douglass Winthrop Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,841 shares of the oil and gas company’s stock after purchasing an additional 920 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Exxon Mobil were worth $9,449,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank increased its position in shares of Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Exxon Mobil by 157.5% during the 3rd quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock valued at $1,046,000 after buying an additional 5,459 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in Exxon Mobil by 8.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 321,423 shares of the oil and gas company’s stock worth $37,677,000 after buying an additional 24,138 shares during the last quarter. Finally, Cornerstone Advisors LLC boosted its stake in Exxon Mobil by 7.1% in the third quarter. Cornerstone Advisors LLC now owns 264,427 shares of the oil and gas company’s stock worth $30,996,000 after buying an additional 17,600 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.4 %

Shares of NYSE XOM opened at $115.84 on Friday. The firm has a fifty day simple moving average of $109.92 and a two-hundred day simple moving average of $113.60. The firm has a market capitalization of $502.63 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 in the prior year, the company earned $2.48 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $129.15.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

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.