Slocum Gordon & Co LLP Has $8.12 Million Position in Exxon Mobil Co. (NYSE:XOM)

Slocum Gordon & Co LLP decreased its position in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,453 shares of the oil and gas company’s stock after selling 670 shares during the quarter. Exxon Mobil accounts for approximately 6.7% of Slocum Gordon & Co LLP’s holdings, making the stock its 3rd biggest holding. Slocum Gordon & Co LLP’s holdings in Exxon Mobil were worth $8,117,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XOM. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in Exxon Mobil in the 3rd quarter worth approximately $63,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. The Goldman Sachs Group dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Trading Up 1.9 %

Shares of Exxon Mobil stock opened at $110.98 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day simple moving average of $109.41 and a two-hundred day simple moving average of $114.97. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a market capitalization of $487.75 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 quarter in the prior year, the company posted $2.48 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.