Eastern Bank lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,951 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Eastern Bank’s holdings in Exxon Mobil were worth $7,342,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in shares of Exxon Mobil by 140,855.3% in the 4th 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 purchasing an additional 123,254,064 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $5,226,390,000. Morgan Stanley grew its position in shares of 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 worth $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Exxon Mobil by 272.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company’s stock valued at $287,545,000 after acquiring an additional 1,906,940 shares during the period. Finally, CI Private Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $209,464,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Exxon Mobil Stock Down 0.5 %
Exxon Mobil stock opened at $106.91 on Thursday. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92. The firm has a market capitalization of $432.24 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The stock’s fifty day moving average is $106.53 and its two-hundred day moving average is $109.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Analyst Ratings Changes
A number of brokerages have recently commented on XOM. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. Jefferies Financial Group decreased their price objective on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. The Goldman Sachs Group lowered Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Monday, May 1st. Mizuho decreased their price target on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Finally, Truist Financial boosted their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.70.
Insiders Place Their Bets
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.
Exxon Mobil 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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