Clifford Swan Investment Counsel LLC Has $32.68 Million Stock Holdings in Exxon Mobil Corporation $XOM

Clifford Swan Investment Counsel LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,115 shares of the oil and gas company’s stock after selling 8,396 shares during the quarter. Exxon Mobil accounts for approximately 1.2% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 24th biggest holding. Clifford Swan Investment Counsel LLC’s holdings in Exxon Mobil were worth $32,676,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. LifeWealth Investments LLC raised its stake in shares of Exxon Mobil by 47.2% in the 2nd quarter. LifeWealth Investments LLC now owns 6,858 shares of the oil and gas company’s stock valued at $739,000 after buying an additional 2,198 shares in the last quarter. Granite Harbor Advisors Inc. raised its stake in shares of Exxon Mobil by 22.2% in the 2nd quarter. Granite Harbor Advisors Inc. now owns 5,813 shares of the oil and gas company’s stock valued at $627,000 after buying an additional 1,057 shares in the last quarter. RNC Capital Management LLC raised its stake in shares of Exxon Mobil by 0.9% in the 2nd quarter. RNC Capital Management LLC now owns 94,010 shares of the oil and gas company’s stock valued at $10,134,000 after buying an additional 846 shares in the last quarter. Ethic Inc. grew its holdings in shares of Exxon Mobil by 11.3% in the 2nd quarter. Ethic Inc. now owns 71,283 shares of the oil and gas company’s stock worth $7,797,000 after purchasing an additional 7,240 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 23.2% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 13,244 shares of the oil and gas company’s stock worth $1,428,000 after purchasing an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Price Performance

Shares of XOM stock opened at $115.39 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm’s 50 day moving average is $112.58 and its 200-day moving average is $109.48. The firm has a market capitalization of $491.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion for the quarter. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

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.