Nearwater Capital Markets Ltd Invests $27.97 Million in Exxon Mobil Co. (NYSE:XOM)

Nearwater Capital Markets Ltd purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 260,000 shares of the oil and gas company's stock, valued at approximately $27,968,000.

Several other institutional investors also recently modified their holdings of XOM. Norges Bank purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 14.4% in the 4th 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 purchasing an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock valued at $585,818,000 after acquiring an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% in 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. Finally, Northern Trust Corp boosted its position in shares of Exxon Mobil by 7.0% during 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 buying an additional 2,998,892 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler reduced their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 0.3%

Shares of XOM stock opened at $109.45 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $471.69 billion, a PE ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock's 50-day simple moving average is $109.08 and its 200-day simple moving average is $111.00.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil's payout ratio is currently 52.52%.

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.

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