Ignite Planners LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,051 shares of the oil and gas company’s stock after purchasing an additional 552 shares during the period. Exxon Mobil makes up about 0.8% of Ignite Planners LLC’s investment portfolio, making the stock its 25th largest position. Ignite Planners LLC’s holdings in Exxon Mobil were worth $1,953,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Morgan Stanley increased its position in Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Norges Bank bought a new position in Exxon Mobil during the fourth quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after purchasing an additional 1,344,934 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares during the period. Institutional investors own 58.59% of the company’s stock.
Analysts Set New Price Targets
XOM has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They set a “hold” rating for the company. Truist Financial boosted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Finally, Royal Bank of Canada lowered shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a research note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.70.
Insider Buying and Selling
Exxon Mobil Stock Performance
XOM opened at $107.25 on Friday. Exxon Mobil Co. has a 52-week low of $80.69 and a 52-week high of $119.92. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The company has a market cap of $433.61 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.09. The firm’s 50-day moving average price is $107.10 and its 200-day moving average price is $109.65.
Exxon Mobil (NYSE:XOM – Free Report) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the company posted $2.07 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.59 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.39%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Exxon Mobil Company Profile
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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