Pekin Hardy Strauss Inc. Has $10.56 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Pekin Hardy Strauss Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,585 shares of the oil and gas company’s stock after purchasing an additional 500 shares during the quarter. Exxon Mobil comprises about 1.5% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 6th biggest holding. Pekin Hardy Strauss Inc.’s holdings in Exxon Mobil were worth $10,556,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. Morgan Stanley lifted its position in shares of Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after acquiring an additional 1,066,937 shares during the period. Northern Trust Corp lifted its position in shares of Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after acquiring an additional 576,078 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after acquiring an additional 132,196 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Exxon Mobil by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock worth $1,081,395,000 after buying an additional 1,252,505 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Exxon Mobil 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 value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.1 %

NYSE XOM traded down $1.37 during trading hours on Tuesday, hitting $118.27. 20,776,285 shares of the company’s stock were exchanged, compared to its average volume of 18,227,934. The stock has a 50-day simple moving average of $113.65 and a 200 day simple moving average of $106.73. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market cap of $468.14 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 4.05 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business earned $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.21%. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group upped their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.56.

Exxon Mobil Company 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.