Raymond James & Associates Purchases 301,087 Shares of Exxon Mobil Co. (NYSE:XOM)

Raymond James & Associates increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 10.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,259,170 shares of the oil and gas company's stock after purchasing an additional 301,087 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Exxon Mobil worth $378,846,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Vima LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $50,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $80,000. Neo Ivy Capital Management bought a new position in shares of Exxon Mobil in the fourth quarter worth $80,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the first quarter worth $88,000. Institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company's stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Redburn Atlantic raised shares of Exxon Mobil from a "neutral" rating to a "buy" rating and upped their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. UBS Group upped their price target 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. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Finally, Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $132.28.

Exxon Mobil Trading Down 2.8 %

NYSE XOM traded down $3.37 during trading on Friday, hitting $117.96. 27,289,468 shares of the company's stock traded hands, compared to its average volume of 16,002,832. The stock has a fifty day moving average of $113.33 and a two-hundred day moving average of $106.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market cap of $466.92 billion, a P/E ratio of 13.27, a PEG ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.83 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil's payout ratio is currently 42.74%.

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.