Verdence Capital Advisors LLC Has $9.98 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Verdence Capital Advisors LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,786 shares of the oil and gas company’s stock after selling 1,601 shares during the quarter. Exxon Mobil comprises about 1.0% of Verdence Capital Advisors LLC’s holdings, making the stock its 16th largest position. Verdence Capital Advisors LLC’s holdings in Exxon Mobil were worth $9,977,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Calamos Wealth Management LLC increased its position in shares of Exxon Mobil by 4.7% during the fourth quarter. Calamos Wealth Management LLC now owns 16,326 shares of the oil and gas company’s stock worth $1,632,000 after buying an additional 734 shares during the period. Grandfield & Dodd LLC grew its holdings in Exxon Mobil by 3.0% in the fourth quarter. Grandfield & Dodd LLC now owns 107,962 shares of the oil and gas company’s stock worth $10,794,000 after purchasing an additional 3,101 shares during the period. Planning Directions Inc. grew its holdings in Exxon Mobil by 6.6% in the fourth quarter. Planning Directions Inc. now owns 5,666 shares of the oil and gas company’s stock worth $566,000 after purchasing an additional 351 shares during the period. abrdn plc grew its holdings in Exxon Mobil by 58.1% in the fourth quarter. abrdn plc now owns 1,970,583 shares of the oil and gas company’s stock worth $197,019,000 after purchasing an additional 724,539 shares during the period. Finally, Dupree Financial Group LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $378,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. UBS Group raised their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Truist Financial raised their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Mizuho restated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Stock Up 1.1 %

XOM opened at $119.88 on Monday. 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 company’s 50-day moving average is $111.55 and its 200 day moving average is $106.23. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market capitalization of $474.52 billion, a P/E ratio of 13.48, a PEG ratio of 4.12 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly 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 net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period last year, the firm earned $3.40 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

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.