Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Carret Asset Management LLC

Carret Asset Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,503 shares of the oil and gas company’s stock after acquiring an additional 956 shares during the quarter. Carret Asset Management LLC’s holdings in Exxon Mobil were worth $4,247,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in Exxon Mobil by 14.9% during 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 acquiring an additional 17,521,080 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Exxon Mobil by 94.1% during 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 acquiring an additional 19,230,872 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the period. Finally, Legal & General Group Plc raised its stake in Exxon Mobil by 14.3% during 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 purchasing an additional 3,131,617 shares during the period. Institutional investors and hedge funds 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 the firm’s 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 completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $99.84 on Friday. Exxon Mobil Co. has a 12-month low of $78.10 and a 12-month high of $119.63. The company has a market capitalization of $406.45 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The firm’s fifty day moving average price is $111.74 and its 200 day moving average price is $106.50.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Mizuho increased their price target on shares of Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Cowen increased their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Finally, B. Riley increased their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One investment 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.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Profile

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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.