ARS Investment Partners LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 226.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,703 shares of the oil and gas company’s stock after purchasing an additional 8,806 shares during the period. ARS Investment Partners LLC’s holdings in Exxon Mobil were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Axiom Financial Strategies LLC raised its holdings in Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P lifted its position in 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 worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC boosted its stake in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake 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.
Insiders Place Their Bets
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was 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 $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Stock 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 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 business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter last year, the firm earned $2.05 EPS. Exxon Mobil’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 9.98 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed 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 3.16%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is presently 27.45%.
Analyst Ratings Changes
Several analysts have recently weighed in on XOM shares. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. Barclays upped their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. B. Riley raised their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Mizuho upped their price target on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Finally, Piper Sandler cut their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
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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