Nan Shan Life Insurance Co. Ltd. Increases Position in Exxon Mobil Co. (NYSE:XOM)

Nan Shan Life Insurance Co. Ltd. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2,034.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,811 shares of the oil and gas company's stock after acquiring an additional 174,247 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in Exxon Mobil were worth $19,665,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. RMR Wealth Builders grew its stake in shares of Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock valued at $3,447,000 after buying an additional 960 shares during the last quarter. Bridge Creek Capital Management LLC grew its stake in shares of Exxon Mobil by 0.8% during the fourth quarter. Bridge Creek Capital Management LLC now owns 35,246 shares of the oil and gas company's stock valued at $3,791,000 after buying an additional 295 shares during the last quarter. Forza Wealth Management LLC grew its stake in shares of Exxon Mobil by 0.9% during the fourth quarter. Forza Wealth Management LLC now owns 27,061 shares of the oil and gas company's stock valued at $2,911,000 after buying an additional 233 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Exxon Mobil by 1.3% during the fourth quarter. Harbour Capital Advisors LLC now owns 51,412 shares of the oil and gas company's stock valued at $5,545,000 after buying an additional 645 shares during the last quarter. Finally, Fulcrum Capital LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $452,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.45 during mid-day trading on Friday, reaching $108.13. The company had a trading volume of 14,040,466 shares, compared to its average volume of 15,557,146. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $466.01 billion, a P/E ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. The stock has a 50 day moving average of $109.00 and a two-hundred day moving average of $110.91.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler lowered their target price on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Barclays lowered their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, May 5th. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada reduced their price target on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

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.