9,079 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,079 shares of the oil and gas company's stock, valued at approximately $977,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Geode Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $6,936,737,000. Northern Trust Corp grew its position in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.0%

Shares of NYSE:XOM opened at $108.44 on Friday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market capitalization of $467.34 billion, a PE ratio of 13.83, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $109.00 and a 200 day moving average price of $110.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday. Piper Sandler decreased their price objective on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada cut their price objective on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $125.50.

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.

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