Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Monument Capital Management

Monument Capital Management boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,762 shares of the oil and gas company’s stock after buying an additional 1,471 shares during the quarter. Monument Capital Management’s holdings in Exxon Mobil were worth $2,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the period. Pacer Advisors Inc. boosted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after purchasing an additional 5,110,603 shares during the period. Franklin Resources Inc. boosted its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. boosted its stake in Exxon Mobil by 168.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Price Performance

XOM opened at $110.30 on Thursday. Exxon Mobil Co. has a one year low of $102.64 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50 day simple moving average is $108.60 and its 200-day simple moving average is $114.53. The stock has a market capitalization of $484.76 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm earned $2.48 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Exxon Mobil Company 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.