Morton Capital Management LLC CA Sells 446 Shares of Exxon Mobil Co. (NYSE:XOM)

Morton Capital Management LLC CA reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,207 shares of the oil and gas company’s stock after selling 446 shares during the quarter. Morton Capital Management LLC CA’s holdings in Exxon Mobil were worth $1,020,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $5,226,390,000. Imprint Wealth LLC lifted its position in shares of Exxon Mobil by 9,115.2% during the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after buying an additional 11,181,673 shares in the last quarter. Morgan Stanley lifted its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XOM. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler lowered their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Mizuho boosted their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

Exxon Mobil Stock Performance

NYSE:XOM opened at $116.24 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The stock’s 50 day simple moving average is $105.34 and its two-hundred day simple moving average is $105.96. The company has a market cap of $461.22 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.40 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.