LaFleur & Godfrey LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

LaFleur & Godfrey LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,796 shares of the oil and gas company’s stock after acquiring an additional 21,355 shares during the quarter. Exxon Mobil accounts for 1.4% of LaFleur & Godfrey LLC’s portfolio, making the stock its 25th biggest holding. LaFleur & Godfrey LLC’s holdings in Exxon Mobil were worth $9,478,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of XOM. FMR LLC increased its position in Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Morgan Stanley grew its position in shares of Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares in the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $5,226,390,000. Finally, Northern Trust Corp boosted its stake in Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after buying an additional 576,078 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. UBS Group dropped their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler decreased their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Tuesday, January 23rd. Finally, Mizuho raised their price objective on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.18.

Exxon Mobil Stock Up 0.8 %

Shares of Exxon Mobil stock traded up $0.90 during trading on Thursday, reaching $115.87. The company’s stock had a trading volume of 7,076,102 shares, compared to its average volume of 18,301,434. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market cap of $459.75 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The company has a 50-day simple moving average of $104.98 and a two-hundred day simple moving average of $105.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

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.