Sunpointe LLC Buys New Stake in Exxon Mobil Co. (NYSE:XOM)

Sunpointe LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,896 shares of the oil and gas company’s stock, valued at approximately $689,000. Exxon Mobil accounts for about 0.9% of Sunpointe LLC’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Manchester Capital Management LLC raised its position in shares of Exxon Mobil by 13.5% in the third quarter. Manchester Capital Management LLC now owns 4,379 shares of the oil and gas company’s stock worth $515,000 after acquiring an additional 521 shares during the period. Kestra Advisory Services LLC raised its position in shares of Exxon Mobil by 2.6% in the third quarter. Kestra Advisory Services LLC now owns 484,937 shares of the oil and gas company’s stock worth $57,019,000 after acquiring an additional 12,188 shares during the period. Excalibur Management Corp raised its position in shares of Exxon Mobil by 1.7% in the third quarter. Excalibur Management Corp now owns 25,603 shares of the oil and gas company’s stock worth $3,010,000 after acquiring an additional 435 shares during the period. Kesler Norman & Wride LLC raised its position in shares of Exxon Mobil by 76.3% in the third quarter. Kesler Norman & Wride LLC now owns 3,344 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 1,447 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its position in shares of Exxon Mobil by 12.1% in the third quarter. Financial Engines Advisors L.L.C. now owns 12,719 shares of the oil and gas company’s stock worth $1,495,000 after acquiring an additional 1,375 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

NYSE XOM traded down $0.89 during trading hours on Friday, hitting $109.15. 13,309,636 shares of the company’s stock traded hands, compared to its average volume of 18,080,055. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $430.38 billion, a PE ratio of 13.38, a PEG ratio of 3.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s 50-day moving average is $116.83 and its 200-day moving average is $108.80.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company posted $2.83 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.48%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Truist Financial reiterated a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Scotiabank boosted 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 note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.71.

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.