Exxon Mobil Co. (NYSE:XOM) Stake Boosted by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6,392.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,765 shares of the oil and gas company’s stock after acquiring an additional 13,553 shares during the period. Alaska Permanent Fund Corp’s holdings in Exxon Mobil were worth $1,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil in the third quarter worth $92,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil in the fourth quarter worth $80,000. Sumitomo Mitsui Financial Group Inc. boosted its holdings in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 525 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $118.90 on Friday. The firm has a market cap of $470.64 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 4.16 and a beta of 0.96. The company has a 50 day moving average of $113.04 and a 200-day moving average of $106.62. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the business posted $2.83 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is presently 42.74%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Truist Financial upped their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. TD Cowen upped their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.28.

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.