Foundations Investment Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 153,211 shares of the oil and gas company's stock after buying an additional 30,649 shares during the quarter. Foundations Investment Advisors LLC's holdings in Exxon Mobil were worth $15,687,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of XOM. Root Financial Partners LLC increased its position in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company's stock worth $205,000 after acquiring an additional 199 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company's stock valued at $149,213,000 after buying an additional 575,649 shares in the last quarter. Qsemble Capital Management LP boosted its stake in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company's stock valued at $553,000 after buying an additional 1,200 shares during the period. RNC Capital Management LLC increased its stake in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock worth $8,791,000 after acquiring an additional 4,585 shares during the period. Finally, Dupree Financial Group LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $378,000. Institutional investors own 61.80% of the company's stock.
Analyst Upgrades and Downgrades
XOM has been the topic of a number of recent analyst reports. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, April 30th. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a "hold" rating in a report on Tuesday, April 30th. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. UBS Group upped their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a "buy" rating in a research note on Tuesday, May 7th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $134.35.
Check Out Our Latest Analysis on XOM
Insiders Place Their Bets
In related news, VP Darrin L. Talley sold 2,426 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, 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 SEC, which is available through this link. In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction 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 completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.
Exxon Mobil Trading Up 0.6 %
Shares of XOM stock traded up $0.70 during trading hours on Tuesday, hitting $117.67. 14,925,470 shares of the company's stock traded hands, compared to its average volume of 18,677,199. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $463.97 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96. The stock's 50 day simple moving average is $116.18 and its 200 day simple moving average is $107.21.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for 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%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.83 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.57 EPS for the current year.
Exxon Mobil Dividend Announcement
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 given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil's dividend payout ratio is presently 46.57%.
Exxon Mobil Company Profile
(
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.
See Also
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