Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 431 shares of the oil and gas company’s stock, valued at approximately $38,000.
Several other large investors also recently made changes to their positions in XOM. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares during the period. FMR LLC boosted its holdings in shares of Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after buying an additional 17,521,080 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after buying an additional 9,124,095 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Exxon Mobil in the third quarter worth about $347,253,000. Finally, Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 14.3% in the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after buying an additional 3,131,617 shares during the period. Institutional investors own 57.49% of the company’s stock.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Trading Down 1.2 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s dividend payout ratio is currently 27.45%.
Analyst Ratings Changes
Several analysts recently commented on the stock. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Barclays raised their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Piper Sandler decreased their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Citigroup raised their price target on shares of Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Finally, B. Riley raised their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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