Tufton Capital Management Has $9.13 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Tufton Capital Management lessened its position in Exxon Mobil Co. (NYSE:XOM) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,351 shares of the oil and gas company’s stock after selling 5,460 shares during the quarter. Exxon Mobil makes up about 1.9% of Tufton Capital Management’s portfolio, making the stock its 16th biggest position. Tufton Capital Management’s holdings in Exxon Mobil were worth $9,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Traynor Capital Management Inc. increased its position in shares of Exxon Mobil by 4.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 94 shares during the last quarter. Money Concepts Capital Corp increased its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares during the last quarter. Defined Wealth Management LLC increased its position in shares of Exxon Mobil by 2.4% during the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 96 shares during the last quarter. Well Done LLC increased its position in shares of Exxon Mobil by 0.8% during the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after purchasing an additional 97 shares during the last quarter. Finally, Crown Wealth Group LLC increased its position in shares of Exxon Mobil by 2.4% during the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $119.90 on Friday. The stock has a fifty day moving average price of $111.55 and a 200-day moving average price of $106.33. The company has a market cap of $474.60 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 4.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

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. The firm had revenue of $84.34 billion during 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 was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.40 EPS. As a group, 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 given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s payout ratio is 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on 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 this link. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. UBS Group boosted their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

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.