Calamos Advisors LLC Has $94.58 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Calamos Advisors LLC decreased its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,145,129 shares of the oil and gas company’s stock after selling 85,305 shares during the period. Calamos Advisors LLC’s holdings in Exxon Mobil were worth $94,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Van ECK Associates Corp boosted its stake in Exxon Mobil by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 92,910 shares of the oil and gas company’s stock worth $5,686,000 after purchasing an additional 4,709 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Exxon Mobil by 136.9% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 469,595 shares of the oil and gas company’s stock worth $28,735,000 after purchasing an additional 271,336 shares during the period. Brown Advisory Inc. boosted its stake in Exxon Mobil by 1.5% in the 4th quarter. Brown Advisory Inc. now owns 1,737,598 shares of the oil and gas company’s stock worth $106,322,000 after purchasing an additional 26,226 shares during the period. Close Asset Management Ltd boosted its stake in Exxon Mobil by 7.5% in the 4th quarter. Close Asset Management Ltd now owns 11,468 shares of the oil and gas company’s stock worth $702,000 after purchasing an additional 803 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in Exxon Mobil by 50.9% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 58,044 shares of the oil and gas company’s stock worth $3,552,000 after purchasing an additional 19,584 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

Exxon Mobil Stock Up 3.3 %

Shares of XOM opened at $89.98 on Tuesday. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The firm has a market cap of $379.04 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.32 and a beta of 1.07. The firm’s 50-day simple moving average is $91.30 and its 200 day simple moving average is $84.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. During the same quarter last year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 53.0% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 11.46 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a yield of 3.91%. Exxon Mobil’s dividend payout ratio (DPR) is currently 58.37%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XOM shares. Cowen upped their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. HSBC boosted their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Truist Financial cut their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $94.73.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

About Exxon Mobil

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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; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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