LS Investment Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,939 shares of the oil and gas company’s stock after acquiring an additional 1,356 shares during the quarter. LS Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,640,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. CTC Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter worth about $1,807,000. WMG Financial Advisors LLC grew its position in Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 108 shares during the period. Polaris Wealth Advisory Group LLC grew its position in Exxon Mobil by 3,880.2% during the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after buying an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. acquired a new position in Exxon Mobil during the fourth quarter worth about $246,000. Finally, Accurate Wealth Management LLC grew its position in Exxon Mobil by 4.7% during the fourth quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after buying an additional 2,859 shares during the period. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Argus upped their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Piper Sandler lowered 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. Mizuho upped their target price on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Finally, Cowen upped their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.95 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction 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 sale, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by insiders.
About Exxon Mobil
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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