Waverly Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,941 shares of the oil and gas company's stock after purchasing an additional 9,575 shares during the period. Waverly Advisors LLC's holdings in Exxon Mobil were worth $6,593,000 at the end of the most recent quarter.
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A number of other hedge funds also recently bought and sold shares of XOM. FMR LLC lifted its holdings in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock worth $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil during the fourth quarter worth $5,519,753,000. Morgan Stanley boosted its position in shares of Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company's stock worth $6,329,099,000 after buying an additional 1,066,937 shares during the period. Northern Trust Corp grew its stake in shares of Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company's stock valued at $5,137,865,000 after buying an additional 576,078 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company's stock valued at $2,198,413,000 after acquiring an additional 4,084,458 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Insider Activity
In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company's stock, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.
Exxon Mobil Trading Down 1.0 %
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XOM traded down $1.15 on Wednesday, reaching $111.02. 5,095,988 shares of the company's stock were exchanged, compared to its average volume of 18,078,957. The company has a market cap of $437.75 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 3.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company's 50 day moving average is $117.44 and its 200-day moving average is $108.74.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $2.83 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 9.57 earnings per share for the current year.
Exxon Mobil Dividend Announcement
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The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.42%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil's dividend payout ratio (DPR) is 46.57%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on XOM. HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a "hold" rating in a research note on Tuesday, April 30th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, April 18th. Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an "overweight" rating and a $147.00 price target for the company. Truist Financial reiterated a "hold" rating and set a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Finally, TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $133.71.
Read Our Latest Report on Exxon Mobil
About Exxon Mobil
(Free Report)
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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