Reik & CO. LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,900 shares of the oil and gas company’s stock, valued at approximately $210,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HWG Holdings LP boosted its position in shares of Exxon Mobil by 57.3% in the fourth quarter. HWG Holdings LP now owns 23,978 shares of the oil and gas company’s stock valued at $2,645,000 after acquiring an additional 8,735 shares during the period. AIA Group Ltd bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $2,195,000. Atticus Wealth Management LLC boosted its position in shares of Exxon Mobil by 4.3% in the fourth quarter. Atticus Wealth Management LLC now owns 4,014 shares of the oil and gas company’s stock valued at $443,000 after acquiring an additional 166 shares during the period. Twin Capital Management Inc. lifted its position in Exxon Mobil by 3.3% during the fourth quarter. Twin Capital Management Inc. now owns 119,175 shares of the oil and gas company’s stock valued at $13,145,000 after purchasing an additional 3,796 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its position in Exxon Mobil by 7.6% during the fourth quarter. KCM Investment Advisors LLC now owns 47,003 shares of the oil and gas company’s stock valued at $5,184,000 after purchasing an additional 3,320 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.
Wall Street Analyst Weigh In
XOM has been the subject of several research analyst reports. Argus lifted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Piper Sandler dropped their target price on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. Bank of America lifted their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Finally, Mizuho lifted their target price on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.54.
Insider Activity at Exxon Mobil
Exxon Mobil Stock Down 0.8 %
Shares of NYSE XOM opened at $115.64 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The firm’s fifty day moving average is $111.10 and its 200 day moving average is $109.61. The company has a market cap of $469.42 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.54 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 9.93 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.
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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