Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Choreo LLC

Choreo LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,378 shares of the oil and gas company’s stock after buying an additional 11,982 shares during the period. Choreo LLC’s holdings in Exxon Mobil were worth $7,336,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC grew its stake in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the period. Assenagon Asset Management S.A. grew its position in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after buying an additional 575,649 shares during the period. Qsemble Capital Management LP increased its holdings in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after buying an additional 1,200 shares in the last quarter. RNC Capital Management LLC boosted its stake in shares of Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after acquiring an additional 4,585 shares in the last quarter. Finally, Dupree Financial Group LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $378,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.6 %

Shares of XOM stock traded up $1.85 during trading hours on Monday, hitting $119.81. 8,428,188 shares of the company were exchanged, compared to its average volume of 18,091,617. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market capitalization of $474.24 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The business’s 50-day simple moving average is $113.33 and its two-hundred day simple moving average is $106.64.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.83 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s payout ratio is currently 46.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Wells Fargo & Company boosted their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. UBS Group increased their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Piper Sandler raised their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price 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.