Telos Capital Management Inc. Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Telos Capital Management Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 140.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,509 shares of the oil and gas company’s stock after acquiring an additional 13,739 shares during the quarter. Telos Capital Management Inc.’s holdings in Exxon Mobil were worth $2,350,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the first quarter worth $27,000. IMA Wealth Inc. grew its position in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. grew its position in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $49,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Truist Financial lifted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, TD Cowen lifted their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Trading Up 1.2 %

Shares of XOM stock opened at $119.90 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $111.55 and a two-hundred day moving average price of $106.33. The firm has a market cap of $474.60 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 4.07 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 analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 EPS. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 9.7 EPS 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 paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other 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 value of $252,000.00. Following the completion of the sale, 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 filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.