Carlson Capital Management Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Carlson Capital Management decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 46.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,049 shares of the oil and gas company’s stock after selling 7,956 shares during the quarter. Carlson Capital Management’s holdings in Exxon Mobil were worth $1,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $80,000. Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $80,000. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at about $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $114.05 on Tuesday. The company has a market cap of $449.70 billion, a P/E ratio of 13.98, a PEG ratio of 3.95 and a beta of 0.92. The stock has a fifty day moving average price of $115.59 and a 200 day moving average price of $109.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.83 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling

In related news, 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 transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Piper Sandler boosted their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. UBS Group boosted their price target on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Wells Fargo & Company boosted their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.71.

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.