Keating Investment Counselors Inc. Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Keating Investment Counselors Inc. lessened its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,477 shares of the oil and gas company’s stock after selling 150 shares during the quarter. Exxon Mobil comprises 1.4% of Keating Investment Counselors Inc.’s holdings, making the stock its 24th largest position. Keating Investment Counselors Inc.’s holdings in Exxon Mobil were worth $3,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Karp Capital Management Corp purchased a new position in Exxon Mobil during the third quarter worth approximately $28,000. Horizons Wealth Management purchased a new position in Exxon Mobil during the second quarter worth approximately $41,000. Mine & Arao Wealth Creation & Management LLC. lifted its position in Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares in the last quarter. Orion Capital Management LLC purchased a new position in Exxon Mobil during the third quarter worth approximately $44,000. Finally, Rock Creek Group LP purchased a new position in Exxon Mobil during the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares of the company’s stock, valued at approximately $3,598,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM opened at $113.81 on Wednesday. The company has a market capitalization of $468.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The business has a 50-day moving average of $109.54 and a two-hundred day moving average of $101.20. Exxon Mobil Co. has a 1 year low of $71.39 and a 1 year high of $126.54.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. Exxon Mobil’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. On average, analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were issued a $0.91 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s payout ratio is presently 29.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on XOM shares. Piper Sandler cut their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. StockNews.com cut Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 18th. Morgan Stanley lifted their price objective on Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. Finally, Wells Fargo & Company lifted their price objective on Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $114.35.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.