Choreo LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,378 shares of the oil and gas company's stock after buying an additional 11,982 shares during the period. Choreo LLC's holdings in Exxon Mobil were worth $7,336,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of XOM. Keener Financial Planning LLC bought a new position in Exxon Mobil in the 4th quarter worth about $80,000. Orion Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth about $91,000. Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil in the 3rd quarter worth about $92,000. TFO Wealth Partners LLC grew its position in Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company's stock worth $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its stake in shares of Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company's stock worth $106,000 after acquiring an additional 792 shares during the period. Institutional investors own 61.80% of the company's stock.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company'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 value 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on XOM. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Mizuho reaffirmed a "neutral" rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $147.00 price target for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, 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 research note on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.28.
View Our Latest Stock Analysis on XOM
Exxon Mobil Trading Up 1.4 %
Shares of NYSE:XOM traded up $1.67 during mid-day trading on Monday, hitting $119.63. The stock had a trading volume of 17,343,405 shares, compared to its average volume of 18,204,186. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market cap of $473.53 billion, a PE ratio of 14.66, a P/E/G ratio of 4.05 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. The company's 50 day moving average is $113.65 and its 200-day moving average is $106.73.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.83 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil's dividend payout ratio is presently 46.57%.
Exxon Mobil Company Profile
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Free Report)
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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