Naples Money Management LLC Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

Naples Money Management LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,111 shares of the oil and gas company's stock, valued at approximately $1,411,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. KB Financial Partners LLC bought a new position in Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. grew its stake in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company's stock valued at $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $43,000. Turim 21 Investimentos Ltda. grew its stake in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction 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 $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.36 during mid-day trading on Friday, reaching $119.88. The stock had a trading volume of 21,572,367 shares, compared to its average volume of 15,641,760. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a market cap of $474.52 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The business's 50 day moving average price is $111.55 and its 200 day moving average price is $106.23.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the prior year, the business posted $3.40 earnings per share. The company's quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil's dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. UBS Group increased their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. TD Cowen raised their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Truist Financial lifted their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.28.

About Exxon Mobil

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.