Bullseye Investment Management LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,879 shares of the oil and gas company’s stock, valued at approximately $4,730,000. Exxon Mobil comprises about 3.9% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 9th biggest position.
Other institutional investors also recently bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $28,000. Clear Perspectives Financial Planning LLC boosted its holdings in shares of Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 272 shares during the last quarter. Align Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in shares of Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 169 shares during the last quarter. Finally, Horizons Wealth Management purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $41,000. 57.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
XOM has been the topic of a number of recent analyst reports. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Wells Fargo & Company raised their price target 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. Bank of America raised their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Cowen increased their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Finally, Truist Financial increased their price objective on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last released 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. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.84 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is currently 27.45%.
Insider Activity
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Company 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.
Read More
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