Stifel Financial Corp Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Stifel Financial Corp raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,983,984 shares of the oil and gas company's stock after purchasing an additional 106,403 shares during the period. Stifel Financial Corp owned 0.09% of Exxon Mobil worth $428,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XOM. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.50.

Exxon Mobil Stock Down 0.1 %

Shares of XOM traded down $0.11 during trading hours on Friday, hitting $108.52. The company had a trading volume of 4,966,855 shares, compared to its average volume of 15,906,151. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $469.39 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company's fifty day moving average price is $109.78 and its two-hundred day moving average price is $112.36.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Exxon Mobil Profile

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.