Stonebridge Capital Management Inc. Has $1.56 Million Holdings in Exxon Mobil Co. (NYSE:XOM)


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Stonebridge Capital Management Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 58.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,918 shares of the oil and gas company’s stock after selling 39,742 shares during the quarter. Stonebridge Capital Management Inc.’s holdings in Exxon Mobil were worth $1,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Horan Securities Inc. increased its position in Exxon Mobil by 110.6% during the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after buying an additional 313 shares during the last quarter. Clark Financial Advisors acquired a new position in Exxon Mobil during the fourth quarter worth approximately $28,000. Mach 1 Financial Group Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $29,000. Bellwether Advisors LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Finally, Simon Quick Advisors LLC grew its position in shares of Exxon Mobil by 2,412.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,005 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 965 shares during the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:XOM traded down $0.79 during trading hours on Thursday, hitting $55.80. 508,240 shares of the company were exchanged, compared to its average volume of 31,036,705. The stock has a market capitalization of $236.23 billion, a price-to-earnings ratio of 33.68 and a beta of 1.31. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $62.55. The company has a fifty day simple moving average of $57.07 and a 200 day simple moving average of $44.53.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Monday, February 1st. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $46.54 billion during the quarter, compared to analyst estimates of $48.76 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. Exxon Mobil’s revenue for the quarter was down 30.7% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Equities research analysts predict that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 6.24%. The ex-dividend date was Tuesday, February 9th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

In related news, Director Michael J. Angelakis bought 25,000 shares of the stock in a transaction that occurred on Monday, March 1st. The stock was acquired at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $457,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by company insiders.

XOM has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on Exxon Mobil in a research report on Thursday, January 21st. They set an “underperform” rating and a $39.00 price target on the stock. Truist Financial increased their price target on Exxon Mobil from $39.00 to $45.00 in a research report on Friday, December 18th. Zacks Investment Research downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Monday, January 18th. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and set a $58.00 price target on the stock in a research report on Thursday, March 11th. Finally, UBS Group restated a “neutral” rating and set a $62.00 target price (up from $48.00) on shares of Exxon Mobil in a research note on Monday, March 15th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $52.67.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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