Castleark Management LLC Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Castleark Management LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,610 shares of the oil and gas company's stock after selling 7,590 shares during the period. Castleark Management LLC's holdings in Exxon Mobil were worth $3,938,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the fourth quarter valued at $36,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter worth $47,000. Synergy Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Clarity Asset Management Inc. lifted its holdings in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler decreased their target price on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Up 0.1%

Shares of NYSE:XOM traded up $0.14 during midday trading on Friday, hitting $103.11. 12,055,860 shares of the company's stock were exchanged, compared to its average volume of 15,542,276. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50 day moving average price of $108.26 and a 200-day moving average price of $110.40. The company has a market cap of $444.36 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.