Van Hulzen Asset Management LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Van Hulzen Asset Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,348 shares of the oil and gas company's stock after buying an additional 6,688 shares during the quarter. Exxon Mobil comprises 1.2% of Van Hulzen Asset Management LLC's portfolio, making the stock its 24th largest position. Van Hulzen Asset Management LLC's holdings in Exxon Mobil were worth $17,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its holdings in Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. Morgan Stanley increased its stake in shares of Exxon Mobil by 2.0% in the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company's stock worth $6,329,099,000 after acquiring an additional 1,066,937 shares in the last quarter. Northern Trust Corp lifted its position in Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company's stock valued at $5,137,865,000 after acquiring an additional 576,078 shares during the period. Fisher Asset Management LLC boosted its stake in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company's stock worth $1,319,507,000 after acquiring an additional 11,216,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Exxon Mobil by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company's stock worth $1,088,077,000 after purchasing an additional 132,196 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.48 during trading hours on Friday, hitting $117.96. 13,252,797 shares of the company's stock traded hands, compared to its average volume of 19,527,916. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a market capitalization of $465.12 billion, a P/E ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96. The business's fifty day moving average price is $115.66 and its two-hundred day moving average price is $107.10.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.83 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil's payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on XOM shares. HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a "hold" rating in a research report on Tuesday, April 30th. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Truist Financial lifted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Royal Bank of Canada restated a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, TD Cowen lifted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.18.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.

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.

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