Exxon Mobil Co. (NYSE:XOM) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 50,912 shares of the oil and gas company’s stock after selling 4,695 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Exxon Mobil were worth $5,477,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of XOM. Eagle Capital Management LLC boosted its position in shares of Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares during the period. Fred Alger Management LLC boosted its position in shares of Exxon Mobil by 52.5% in the 2nd quarter. Fred Alger Management LLC now owns 98,421 shares of the oil and gas company’s stock valued at $11,330,000 after purchasing an additional 33,893 shares during the period. AXA S.A. boosted its position in shares of Exxon Mobil by 18.5% in the 2nd quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after purchasing an additional 20,475 shares during the period. Armistice Capital LLC boosted its position in shares of Exxon Mobil by 5.8% in the 2nd quarter. Armistice Capital LLC now owns 200,348 shares of the oil and gas company’s stock valued at $23,064,000 after purchasing an additional 11,048 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Exxon Mobil by 105.7% in the 2nd quarter. AQR Capital Management LLC now owns 3,562,523 shares of the oil and gas company’s stock valued at $410,118,000 after purchasing an additional 1,830,265 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.5 %

Shares of XOM stock opened at $110.12 on Friday. The stock’s 50 day simple moving average is $111.98 and its 200 day simple moving average is $115.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a twelve month low of $97.74 and a twelve month high of $126.34. The company has a market capitalization of $483.97 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business earned $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.