Everstar Asset Management LLC Has $1.13 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• Everstar Asset Management LLC increased its holdings in Exxon Mobil Corporation by 125.8% in Q1, now owning 9,525 shares valued at approximately $1.13 million.
• Analysts have mixed opinions on Exxon Mobil, with a consensus rating of "Hold" and a price target of $125.00, while some have issued a "Sell" rating.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, yielding 3.6% with a dividend payout ratio of 56.25%.

Everstar Asset Management LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 125.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,525 shares of the oil and gas company's stock after purchasing an additional 5,307 shares during the period. Everstar Asset Management LLC's holdings in Exxon Mobil were worth $1,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. KKM Financial LLC grew its position in Exxon Mobil by 4.9% in the 4th quarter. KKM Financial LLC now owns 24,440 shares of the oil and gas company's stock worth $2,629,000 after purchasing an additional 1,134 shares during the last quarter. Janus Henderson Group PLC grew its position in Exxon Mobil by 23.0% in the 4th quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company's stock worth $76,362,000 after purchasing an additional 132,507 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Exxon Mobil by 300.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after purchasing an additional 10,697 shares during the last quarter. Investor s Fiduciary Advisor Network LLC acquired a new stake in Exxon Mobil in the 4th quarter worth $1,590,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Exxon Mobil in the 4th quarter worth $120,962,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Wall Street Zen lowered shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Friday. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

XOM stock traded up $0.74 during trading on Monday, hitting $109.97. 15,437,960 shares of the stock traded hands, compared to its average volume of 14,212,491. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $468.82 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 2.04 and a beta of 0.57. The company has a 50 day simple moving average of $110.49 and a 200 day simple moving average of $109.09. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the firm posted $2.14 EPS. The firm's quarterly revenue was down 12.4% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil Company 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.