963,723 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 963,723 shares of the oil and gas company's stock, valued at approximately $103,668,000. Exxon Mobil makes up about 1.3% of Freestone Grove Partners LP's holdings, making the stock its 3rd biggest position.

A number of other large investors have also recently bought and sold shares of XOM. RBO & Co. LLC grew its holdings in shares of Exxon Mobil by 1.6% in the 4th quarter. RBO & Co. LLC now owns 127,735 shares of the oil and gas company's stock worth $13,740,000 after purchasing an additional 2,043 shares during the last quarter. Wise Wealth Partners bought a new stake in Exxon Mobil during the fourth quarter worth about $226,000. Parvin Asset Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $1,291,000. Headland Capital LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $299,000. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Exxon Mobil by 0.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 33,378 shares of the oil and gas company's stock worth $3,591,000 after acquiring an additional 275 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Barclays lowered their price objective on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.50.

Exxon Mobil Trading Up 0.4 %

Exxon Mobil stock traded up $0.42 during midday trading on Friday, hitting $106.20. 16,574,731 shares of the stock were exchanged, compared to its average volume of 15,769,560. The stock has a market capitalization of $459.35 billion, a PE ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a fifty day simple moving average of $109.36 and a two-hundred day simple moving average of $111.73. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 3.73%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

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.