Exxon Mobil Co. (NYSE:XOM) Stock Holdings Boosted by Diversified LLC

Diversified LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% during the 4th quarter, Holdings Channel reports. The firm owned 35,088 shares of the oil and gas company’s stock after purchasing an additional 1,439 shares during the period. Exxon Mobil comprises 0.8% of Diversified LLC’s investment portfolio, making the stock its 15th largest position. Diversified LLC’s holdings in Exxon Mobil were worth $3,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. FMR LLC boosted its holdings in Exxon Mobil by 3.0% during 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. Morgan Stanley boosted its stake in shares of Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after acquiring an additional 1,066,937 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Exxon Mobil by 1.3% in the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after acquiring an additional 576,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Exxon Mobil by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after purchasing an additional 132,196 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Exxon Mobil by 15.8% during the third quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after purchasing an additional 1,252,505 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $121.05 on Wednesday. The business’s 50-day simple moving average is $112.29 and its 200-day simple moving average is $106.41. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market cap of $479.15 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the firm posted $3.40 earnings per share. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.14%. Exxon Mobil’s payout ratio is 42.74%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Wells Fargo & Company lifted their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, UBS Group increased their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% 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.