Sage Mountain Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 236.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,648 shares of the oil and gas company’s stock after purchasing an additional 22,952 shares during the period. Exxon Mobil makes up approximately 0.6% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Sage Mountain Advisors LLC’s holdings in Exxon Mobil were worth $3,580,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. grew its position in shares of Exxon Mobil by 0.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after purchasing an additional 87 shares during the last quarter. Bank of The West grew its position in shares of Exxon Mobil by 0.8% in the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors grew its position in shares of Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC grew its position in Exxon Mobil by 3.8% during the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock worth $272,000 after buying an additional 91 shares in the last quarter. Finally, Acorn Wealth Advisors LLC grew its position in Exxon Mobil by 3.8% during the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock worth $274,000 after buying an additional 91 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors.
Exxon Mobil Stock Down 1.8 %
Shares of NYSE:XOM opened at $104.54 on Friday. The firm has a market cap of $422.65 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.08. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month high of $119.92. The business has a fifty day simple moving average of $105.61 and a 200 day simple moving average of $109.58.
Exxon Mobil Dividend Announcement
The firm also recently declared 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. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.48%. Exxon Mobil’s payout ratio is currently 24.64%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the 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 directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on XOM shares. Morgan Stanley increased their price target on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Piper Sandler reduced their price target on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Mizuho reduced their price target on Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. HSBC increased their price target on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Finally, Truist Financial increased their price target on Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $124.70.
About Exxon Mobil
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.
Read More
- Five stocks we like better than Exxon Mobil
- Delta Takes Flight: Double-Digit Upside In Sight
- Generac Powers Up as Summer Temperatures Rise
- 3 Reasons Why Rivian Can Continue To Surge Higher
- Despite Breaking Higher, Analysts Remain Cautious HP Inc.
- PepsiCo Can Soar To New Highs In The 2nd Half
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Free Report).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
