Bridgeway Capital Management LLC Buys 8,760 Shares of Exxon Mobil Co. (NYSE:XOM)

Bridgeway Capital Management LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,579 shares of the oil and gas company's stock after purchasing an additional 8,760 shares during the period. Bridgeway Capital Management LLC's holdings in Exxon Mobil were worth $18,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Blue Capital Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $210,000. Bramshill Investments LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $484,000. Bridgefront Capital LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $1,193,000. Cahill Financial Advisors Inc. increased its stake in shares of Exxon Mobil by 9.1% during the fourth quarter. Cahill Financial Advisors Inc. now owns 12,604 shares of the oil and gas company's stock worth $1,356,000 after acquiring an additional 1,049 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Exxon Mobil by 2.2% during the 4th quarter. Captrust Financial Advisors now owns 1,465,529 shares of the oil and gas company's stock worth $157,647,000 after purchasing an additional 31,577 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on XOM shares. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Finally, Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.85.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.14 during mid-day trading on Wednesday, hitting $104.57. The stock had a trading volume of 12,331,734 shares, compared to its average volume of 15,604,422. The business has a fifty day moving average price of $109.00 and a 200-day moving average price of $111.40. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $452.30 billion, a P/E ratio of 13.34, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is 50.51%.

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.