Carnegie Investment Counsel Has $4.98 Million Position in Exxon Mobil Corporation $XOM

Carnegie Investment Counsel lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 45.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 46,211 shares of the oil and gas company’s stock after selling 38,997 shares during the quarter. Carnegie Investment Counsel’s holdings in Exxon Mobil were worth $4,982,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Smith Group Asset Management LLC grew its position in Exxon Mobil by 1.6% during the second quarter. Smith Group Asset Management LLC now owns 157,175 shares of the oil and gas company’s stock worth $16,943,000 after buying an additional 2,403 shares in the last quarter. Moser Wealth Advisors LLC grew its position in Exxon Mobil by 1.2% during the second quarter. Moser Wealth Advisors LLC now owns 14,520 shares of the oil and gas company’s stock worth $1,565,000 after buying an additional 176 shares in the last quarter. Warburton Capital Management LLC grew its position in Exxon Mobil by 4.5% during the second quarter. Warburton Capital Management LLC now owns 4,611 shares of the oil and gas company’s stock worth $520,000 after buying an additional 200 shares in the last quarter. Briaud Financial Planning Inc grew its position in Exxon Mobil by 1.1% during the second quarter. Briaud Financial Planning Inc now owns 15,229 shares of the oil and gas company’s stock worth $1,641,000 after buying an additional 171 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its stake in Exxon Mobil by 22.0% during the second quarter. FSM Wealth Advisors LLC now owns 43,426 shares of the oil and gas company’s stock worth $4,825,000 after purchasing an additional 7,840 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday, October 7th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Down 0.5%

Shares of XOM opened at $115.39 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The stock has a market capitalization of $491.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a fifty day moving average of $112.58 and a 200-day moving average of $109.54.

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

Exxon Mobil Dividend Announcement

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

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.