Moser Wealth Advisors LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,329 shares of the oil and gas company's stock after purchasing an additional 1,950 shares during the quarter. Moser Wealth Advisors LLC's holdings in Exxon Mobil were worth $477,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in XOM. Price T Rowe Associates Inc. MD lifted its position in shares of Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company's stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares during the last quarter. FMR LLC raised its holdings in shares of Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company's stock valued at $11,573,746,000 after acquiring an additional 17,521,080 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company's stock valued at $833,291,000 after acquiring an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Exxon Mobil in the third quarter valued at about $347,253,000. Finally, Legal & General Group Plc raised its holdings in shares of Exxon Mobil by 14.3% in the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company's stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors.
Get Exxon Mobil alerts:Analyst Ratings Changes
Several analysts recently weighed in on the company. Bank of America lifted their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, February 1st. Truist Financial lifted their price objective on Exxon Mobil from $101.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, February 1st. B. Riley lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, February 2nd. Argus lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, February 2nd. Finally, StockNews.com began coverage on Exxon Mobil in a report on Thursday, March 16th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.64.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.04% of the stock is owned by insiders.
Exxon Mobil Price Performance
Shares of XOM stock opened at $107.04 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The firm has a market capitalization of $435.76 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The stock's 50-day simple moving average is $111.56 and its 200-day simple moving average is $106.72.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping analysts' consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.40%. Exxon Mobil's dividend payout ratio is currently 27.45%.
Exxon Mobil Company Profile
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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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