Financial Sense Advisors Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,959 shares of the oil and gas company’s stock after buying an additional 956 shares during the quarter. Exxon Mobil comprises approximately 1.4% of Financial Sense Advisors Inc.’s holdings, making the stock its 19th largest position. Financial Sense Advisors Inc.’s holdings in Exxon Mobil were worth $3,176,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in XOM. Moneta Group Investment Advisors LLC increased its holdings 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 worth $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Morgan Stanley increased its stake in shares of Exxon Mobil by 11.9% in 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 purchasing an additional 5,566,797 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD raised its position in shares of Exxon Mobil by 3.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock worth $4,523,610,000 after buying an additional 1,344,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares during the period. 58.59% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Down 1.8 %
Exxon Mobil stock opened at $104.54 on Friday. Exxon Mobil Co. has a twelve month low of $80.69 and a twelve month high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. The firm has a market cap of $422.65 billion, a PE ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.08. The firm’s 50 day moving average price is $105.61 and its two-hundred day moving average price is $109.58.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s payout ratio is 24.64%.
Wall Street Analyst Weigh In
Several brokerages recently commented on XOM. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Piper Sandler cut their price objective on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. 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. Jefferies Financial Group cut their price target on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Finally, UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.70.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.
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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