Sutton Place Investors LLC Has $2.07 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sutton Place Investors LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 134.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,742 shares of the oil and gas company's stock after purchasing an additional 11,877 shares during the period. Exxon Mobil accounts for 1.5% of Sutton Place Investors LLC's portfolio, making the stock its 15th largest holding. Sutton Place Investors LLC's holdings in Exxon Mobil were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of XOM. Axiom Financial Strategies LLC raised its position in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company's stock valued at $680,000 after acquiring an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $275,000. Loomis Sayles & Co. L P raised its position in shares of Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company's stock valued at $1,417,000 after acquiring an additional 13,065 shares during the last quarter. Ergoteles LLC grew its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company's stock valued at $1,308,000 after buying an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $237,000. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XOM. Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Mizuho reissued a "neutral" rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Scotiabank boosted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a report on Thursday. TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a "buy" rating in a report on Monday, April 1st. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.44.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $1.42 on Friday, reaching $120.37. The stock had a trading volume of 21,556,218 shares, compared to its average volume of 16,535,933. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average is $109.87 and its two-hundred day moving average is $106.12. The firm has a market capitalization of $477.61 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 4.21 and a beta of 0.96. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analysts' expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.40 EPS. On average, research analysts expect that Exxon Mobil Co. will post 9.54 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.16%. Exxon Mobil's dividend payout ratio is currently 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

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.