Van Hulzen Asset Management LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Van Hulzen Asset Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,149 shares of the oil and gas company’s stock after selling 2,690 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Exxon Mobil were worth $866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC increased its stake in shares of Exxon Mobil by 34.0% in the third quarter. Atlas Capital Advisors LLC now owns 717 shares of the oil and gas company’s stock worth $42,000 after buying an additional 182 shares during the period. Bell Investment Advisors Inc purchased a new position in shares of Exxon Mobil in the third quarter worth $45,000. True Link Financial Advisors LLC increased its stake in shares of Exxon Mobil by 135.3% in the third quarter. True Link Financial Advisors LLC now owns 1,026 shares of the oil and gas company’s stock worth $60,000 after buying an additional 590 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $63,000. Finally, Strategic Asset Management LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $66,000. 51.91% of the stock is currently owned by institutional investors.

Shares of XOM traded down $0.72 during trading hours on Tuesday, hitting $87.83. The company had a trading volume of 590,145 shares, compared to its average volume of 31,971,043. The firm has a fifty day moving average price of $81.77 and a 200-day moving average price of $71.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.04. The stock has a market capitalization of $371.84 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.53 and a beta of 1.17. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $91.50.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Tuesday, February 1st. The oil and gas company reported $2.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.09. The company had revenue of $84.97 billion during the quarter, compared to the consensus estimate of $84.58 billion. Exxon Mobil had a return on equity of 13.67% and a net margin of 8.07%. The firm’s revenue was up 82.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. Research analysts anticipate that Exxon Mobil Co. will post 8.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Thursday, February 10th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, February 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. Exxon Mobil’s dividend payout ratio (DPR) is presently 65.31%.

Exxon Mobil declared that its board has approved a share repurchase plan on Tuesday, February 1st that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the oil and gas company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Several research analysts recently commented on the stock. Cowen lifted their target price on shares of Exxon Mobil from $71.00 to $77.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 23rd. Truist Financial lifted their price target on shares of Exxon Mobil from $65.00 to $70.00 and gave the company a “hold” rating in a report on Friday, January 14th. Argus upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Wednesday, February 2nd. MKM Partners lifted their price target on shares of Exxon Mobil from $81.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 7th. Finally, JPMorgan Chase & Co. set a $100.00 price target on shares of Exxon Mobil in a report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average price target of $77.35.

In other Exxon Mobil news, VP Stephen A. Littleton sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $81.29, for a total value of $812,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey W. Ubben sold 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $80.05, for a total value of $120,075,000.00. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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