Madison Investment Advisors LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Madison Investment Advisors LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,838 shares of the oil and gas company’s stock, valued at approximately $17,301,000.

A number of other institutional investors have also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $109.12 on Thursday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day moving average price of $109.24 and a 200-day moving average price of $113.77. The company has a market capitalization of $473.47 billion, a PE ratio of 13.92, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on XOM shares. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bernstein Bank raised their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.