Stevens Capital Management LP Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Stevens Capital Management LP cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 61.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,773 shares of the oil and gas company’s stock after selling 37,295 shares during the period. Exxon Mobil comprises about 1.0% of Stevens Capital Management LP’s portfolio, making the stock its 13th biggest position. Stevens Capital Management LP’s holdings in Exxon Mobil were worth $2,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of XOM. Principal Financial Group Inc. boosted its holdings in shares of Exxon Mobil by 8.4% in 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 acquiring an additional 521,932 shares during the period. United Bank boosted its holdings in shares of Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after acquiring an additional 641 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Exxon Mobil by 4.1% during the third quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company’s stock worth $39,306,000 after purchasing an additional 13,215 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 3.2% during the third quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company’s stock worth $7,446,000 after purchasing an additional 1,935 shares during the period. Finally, Stonebrook Private Inc. lifted its holdings in shares of Exxon Mobil by 7.9% during the third quarter. Stonebrook Private Inc. now owns 6,550 shares of the oil and gas company’s stock worth $768,000 after purchasing an additional 480 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XOM shares. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil Price Performance

XOM stock opened at $115.30 on Friday. 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 $103.67 and a 52-week high of $126.34. The stock’s 50 day moving average is $110.09 and its two-hundred day moving average is $113.57. The company has a market capitalization of $500.29 billion, a PE ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 earned $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

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.