Stonnington Group LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,949 shares of the oil and gas company’s stock after purchasing an additional 2,551 shares during the quarter. Exxon Mobil makes up approximately 1.1% of Stonnington Group LLC’s holdings, making the stock its 23rd biggest position. Stonnington Group LLC’s holdings in Exxon Mobil were worth $3,848,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Exxon Mobil by 94.1% in 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 in the last quarter. FMR LLC lifted its position 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 boosted its stake 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 worth $833,291,000 after acquiring an additional 9,124,095 shares during the period. Great West Life Assurance Co. Can bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $347,253,000. Finally, Legal & General Group Plc lifted 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 worth $2,144,479,000 after buying an additional 3,131,617 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Piper Sandler decreased their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. B. Riley boosted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Citigroup upped their price objective on Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Bank of America boosted their target price on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Finally, Cowen increased their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $121.64.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Stock Up 2.6 %
Shares of XOM stock opened at $102.45 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The stock’s 50-day simple moving average is $111.62 and its 200-day simple moving average is $106.64. The firm has a market capitalization of $417.07 billion, a PE ratio of 7.73, a P/E/G ratio of 0.43 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same period last year, the firm posted $2.05 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.55%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Exxon Mobil Profile
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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