Sippican Capital Advisors Grows Position in Exxon Mobil Co. (NYSE:XOM)

Sippican Capital Advisors increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,170 shares of the oil and gas company’s stock after buying an additional 2,150 shares during the period. Exxon Mobil comprises about 1.3% of Sippican Capital Advisors’ portfolio, making the stock its 28th biggest position. Sippican Capital Advisors’ holdings in Exxon Mobil were worth $1,617,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at about $27,000. IMA Wealth Inc. grew its holdings in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $43,000. Turim 21 Investimentos Ltda. grew its holdings in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, Studio Investment Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $49,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XOM shares. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Truist Financial upped their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company upped their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $118.63 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $469.57 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96. The company has a 50 day simple moving average of $110.89 and a 200-day simple moving average of $106.22. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company posted $3.40 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

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.