Range Financial Group LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 25.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,039 shares of the oil and gas company’s stock after selling 1,026 shares during the quarter. Range Financial Group LLC’s holdings in Exxon Mobil were worth $335,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Axiom Financial Strategies LLC grew its holdings in shares of Exxon Mobil by 17.4% during the first 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 in the last quarter. Retirement Income Solutions Inc purchased a new stake in shares of Exxon Mobil during the first quarter worth $275,000. Loomis Sayles & Co. L P grew its holdings in shares of Exxon Mobil by 318.8% in the first 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 purchasing an additional 13,065 shares during the period. Ergoteles LLC grew its holdings in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $237,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Exxon Mobil Stock Performance
Shares of Exxon Mobil stock opened at $103.41 on Friday. The firm has a market capitalization of $420.98 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.44 and a beta of 1.09. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63. 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 firm’s 50 day moving average is $111.23 and its two-hundred day moving average is $106.68.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Piper Sandler decreased their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Finally, HSBC upped their target price on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. One 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.64.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now directly 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 accessible through this hyperlink. Insiders own 0.04% of the company’s stock.
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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