Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,345 shares of the oil and gas company’s stock after purchasing an additional 697 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Exxon Mobil were worth $734,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Root Financial Partners LLC raised its holdings in shares of Exxon Mobil by 10.7% during the fourth 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 last quarter. Assenagon Asset Management S.A. grew its holdings 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 acquiring an additional 575,649 shares during the period. Qsemble Capital Management LP lifted 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 acquiring an additional 1,200 shares during the period. RNC Capital Management LLC boosted its position in Exxon Mobil by 5.5% in 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 purchasing an additional 4,585 shares in the last quarter. Finally, Dupree Financial Group LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $378,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.2 %

Shares of NYSE XOM opened at $121.33 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a market capitalization of $480.26 billion, a P/E ratio of 13.65, a P/E/G ratio of 4.16 and a beta of 0.96. The company has a 50 day simple moving average of $113.04 and a 200-day simple moving average of $106.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the company posted $2.83 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.