Exxon Mobil Co. (NYSE:XOM) Shares Bought by Summit Global Investments

Summit Global Investments lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,605 shares of the oil and gas company’s stock after acquiring an additional 2,876 shares during the quarter. Summit Global Investments’ holdings in Exxon Mobil were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. BMO Capital Markets lowered their price objective on shares of 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. Morgan Stanley increased their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.30 on Monday. The firm has a market cap of $500.29 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The business has a fifty day simple moving average of $110.09 and a 200 day simple moving average of $113.57.

Exxon Mobil (NYSE:XOM) last posted its 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company earned $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s payout ratio is currently 50.51%.

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.