Evergreen Capital Management LLC Has $6.17 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Evergreen Capital Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, Holdings Channel reports. The fund owned 57,326 shares of the oil and gas company’s stock after selling 3,149 shares during the quarter. Evergreen Capital Management LLC’s holdings in Exxon Mobil were worth $6,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Rockline Wealth Management LLC increased its holdings in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank grew its position in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares in the last quarter. Helen Stephens Group LLC increased its stake in Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares during the period. Hartford Funds Management Co LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $543,000. Finally, Czech National Bank lifted its position in shares of Exxon Mobil by 5.3% in the 4th quarter. Czech National Bank now owns 952,944 shares of the oil and gas company’s stock worth $102,508,000 after acquiring an additional 47,893 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.0 %

NYSE:XOM opened at $104.18 on Thursday. The company has a market cap of $450.61 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s fifty day moving average price is $110.00 and its two-hundred day moving average price is $112.97. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Barclays dropped their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.75.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

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.