Callan Family Office LLC Has $3.91 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Callan Family Office LLC reduced its stake in Exxon Mobil Corporation by 12%, owning 32,849 shares valued at approximately $3.91 million as of its recent SEC filing.
• Exxon Mobil reported better-than-expected earnings, with $1.64 earnings per share for the last quarter, surpassing analysts' estimates by $0.17, despite a 12.4% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.99, with a yield of 3.7% and a payout ratio of 56.25%, to be distributed on September 10th.

Callan Family Office LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,849 shares of the oil and gas company's stock after selling 4,496 shares during the quarter. Callan Family Office LLC's holdings in Exxon Mobil were worth $3,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter valued at about $29,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.9%

Exxon Mobil stock opened at $105.87 on Tuesday. The company's 50 day simple moving average is $109.94 and its 200 day simple moving average is $108.94. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $451.35 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The business's revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XOM. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.26.

Exxon Mobil Company 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.

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