28,577 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Saxon Interests Inc.

Saxon Interests Inc. purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,577 shares of the oil and gas company's stock, valued at approximately $2,857,000. Exxon Mobil comprises about 1.4% of Saxon Interests Inc.'s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company's stock worth $149,213,000 after acquiring an additional 575,649 shares during the last quarter. Qsemble Capital Management LP grew its stake in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company's stock valued at $553,000 after buying an additional 1,200 shares in the last quarter. RNC Capital Management LLC grew its stake in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock valued at $8,791,000 after buying an additional 4,585 shares in the last quarter. Meyer Handelman Co. grew its stake in shares of Exxon Mobil by 5.9% in the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company's stock valued at $45,971,000 after buying an additional 21,895 shares in the last quarter. Finally, Flputnam Investment Management Co. boosted its holdings in Exxon Mobil by 36.0% in the third quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company's stock valued at $10,276,000 after purchasing an additional 23,148 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM stock traded up $1.27 during trading on Friday, hitting $116.24. The company had a trading volume of 18,482,055 shares, compared to its average volume of 17,651,866. The firm has a market cap of $461.22 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The firm has a 50-day moving average price of $105.72 and a 200-day moving average price of $106.03. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analysts' expectations of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil's payout ratio is 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. TD Cowen upgraded Exxon Mobil from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Tuesday, January 23rd. Piper Sandler decreased their price target on Exxon Mobil from $142.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $134.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, December 8th. Finally, Mizuho lifted their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $128.18.

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.