Capital International Inc. CA Buys 67,531 Shares of Exxon Mobil Co. (NYSE:XOM)

Capital International Inc. CA raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 76.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,169 shares of the oil and gas company’s stock after acquiring an additional 67,531 shares during the period. Capital International Inc. CA’s holdings in Exxon Mobil were worth $18,153,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors grew its position in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Capital Group Private Client Services Inc. lifted its holdings in Exxon Mobil by 829.7% during the first quarter. Capital Group Private Client Services Inc. now owns 124,897 shares of the oil and gas company’s stock worth $14,518,000 after acquiring an additional 111,463 shares during the period. Atalanta Sosnoff Capital LLC boosted its position in Exxon Mobil by 8.0% in the first quarter. Atalanta Sosnoff Capital LLC now owns 648,483 shares of the oil and gas company’s stock worth $75,380,000 after purchasing an additional 47,964 shares during the last quarter. Cadence Bank boosted its position in Exxon Mobil by 9.3% in the first quarter. Cadence Bank now owns 227,533 shares of the oil and gas company’s stock worth $26,448,000 after purchasing an additional 19,369 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in Exxon Mobil by 4.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 149,369 shares of the oil and gas company’s stock valued at $17,363,000 after purchasing an additional 6,859 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded down $0.10 during midday trading on Friday, hitting $117.33. The stock had a trading volume of 11,148,742 shares, compared to its average volume of 17,614,508. The company has a market cap of $462.63 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 4.43 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The business has a fifty day moving average of $113.86 and a 200 day moving average of $111.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on XOM shares. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Mizuho increased their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Piper Sandler increased their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Truist Financial dropped their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.78.

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.