Viking Fund Management LLC Reduces Position in Exxon Mobil Co. (XOM)

Viking Fund Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,500 shares of the oil and gas company’s stock after selling 27,500 shares during the period. Viking Fund Management LLC’s holdings in Exxon Mobil were worth $4,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cordasco Financial Network grew its stake in shares of Exxon Mobil by 4.1% in the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 148 shares in the last quarter. Sippican Capital Advisors grew its stake in shares of Exxon Mobil by 1.0% in the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after acquiring an additional 150 shares in the last quarter. Altfest L J & Co. Inc. grew its stake in shares of Exxon Mobil by 0.5% in the 4th quarter. Altfest L J & Co. Inc. now owns 36,427 shares of the oil and gas company’s stock worth $2,484,000 after acquiring an additional 170 shares in the last quarter. Triangle Securities Wealth Management grew its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. Triangle Securities Wealth Management now owns 48,699 shares of the oil and gas company’s stock worth $3,321,000 after acquiring an additional 194 shares in the last quarter. Finally, Paragon Wealth Strategies LLC grew its stake in shares of Exxon Mobil by 2.6% in the 4th quarter. Paragon Wealth Strategies LLC now owns 8,393 shares of the oil and gas company’s stock worth $572,000 after acquiring an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 54.62% of the company’s stock.

Shares of NYSE:XOM opened at $82.22 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. The stock has a market cap of $353.32 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.43. The firm had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. Analysts predict that Exxon Mobil Co. will post 4.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s dividend payout ratio (DPR) is currently 66.53%.

XOM has been the subject of several recent analyst reports. HSBC reiterated a “buy” rating and issued a $85.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 13th. Argus reiterated a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Royal Bank of Canada set a $95.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Friday, February 1st. Bank of America set a $105.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley initiated coverage on shares of Exxon Mobil in a research report on Monday, April 1st. They set an “equal weight” rating and a $84.00 price target for the company. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $84.71.

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Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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