Hexagon Capital Partners LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,237 shares of the oil and gas company’s stock after purchasing an additional 782 shares during the period. Hexagon Capital Partners LLC’s holdings in Exxon Mobil were worth $1,129,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Axiom Financial Strategies LLC lifted its position in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $275,000. Loomis Sayles & Co. L P increased its holdings in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares during the period. Ergoteles LLC increased its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil in the 1st quarter valued at $237,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on XOM shares. B. Riley boosted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Piper Sandler dropped their price objective 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. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Mizuho upped their price target on shares of Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Finally, HSBC upped their price target on shares of Exxon Mobil to $111.00 in a research note on Friday, December 2nd. One equities research 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 MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insider Buying and Selling
Exxon Mobil Stock Down 1.1 %
Shares of NYSE:XOM opened at $103.41 on Friday. The company has a market capitalization of $420.98 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.44 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $111.23 and a two-hundred day moving average of $106.68. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63.
Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the prior year, the business posted $2.05 EPS. The business’s revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 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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