Clifford Swan Investment Counsel LLC Has $33.02 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Clifford Swan Investment Counsel LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 330,266 shares of the oil and gas company’s stock after selling 2,583 shares during the quarter. Exxon Mobil accounts for 1.3% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 14th biggest position. Clifford Swan Investment Counsel LLC’s holdings in Exxon Mobil were worth $33,020,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AllGen Financial Advisors Inc. boosted its holdings in shares of Exxon Mobil by 0.7% in the 4th quarter. AllGen Financial Advisors Inc. now owns 25,923 shares of the oil and gas company’s stock valued at $2,592,000 after buying an additional 171 shares during the last quarter. Metis Global Partners LLC lifted its stake in Exxon Mobil by 15.6% in the fourth quarter. Metis Global Partners LLC now owns 232,521 shares of the oil and gas company’s stock valued at $23,247,000 after acquiring an additional 31,460 shares during the last quarter. Valley Brook Capital Group Inc. grew its position in shares of Exxon Mobil by 2.8% in the 4th quarter. Valley Brook Capital Group Inc. now owns 14,665 shares of the oil and gas company’s stock valued at $1,466,000 after acquiring an additional 401 shares during the period. Channing Capital Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $5,685,000. Finally, TCI Wealth Advisors Inc. raised its holdings in shares of Exxon Mobil by 2.1% in the 4th quarter. TCI Wealth Advisors Inc. now owns 58,984 shares of the oil and gas company’s stock valued at $5,897,000 after purchasing an additional 1,222 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.24 during mid-day trading on Friday, hitting $116.00. 28,023,313 shares of the company’s stock were exchanged, compared to its average volume of 18,518,412. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $457.39 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The stock’s 50-day simple moving average is $114.65 and its 200-day simple moving average is $106.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $2.83 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on XOM shares. Truist Financial lifted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. TD Cowen increased their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.06.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. Corporate 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.