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

Van Hulzen Asset Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,854 shares of the oil and gas company’s stock after purchasing an additional 6,045 shares during the period. Exxon Mobil comprises approximately 1.2% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Van Hulzen Asset Management LLC’s holdings in Exxon Mobil were worth $16,872,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XOM. Altus Wealth Group LLC lifted its holdings in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 94 shares during the period. Patten & Patten Inc. TN increased its holdings in shares of Exxon Mobil by 0.6% during the 4th quarter. Patten & Patten Inc. TN now owns 135,105 shares of the oil and gas company’s stock valued at $14,533,000 after purchasing an additional 779 shares in the last quarter. Facet Wealth Inc. lifted its stake in shares of Exxon Mobil by 11.1% in the 4th quarter. Facet Wealth Inc. now owns 4,974 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 495 shares during the period. Sovereign Investment Advisors LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $240,000. Finally, Harbour Investments Inc. grew its position in Exxon Mobil by 3.9% during the fourth quarter. Harbour Investments Inc. now owns 58,696 shares of the oil and gas company’s stock valued at $6,314,000 after buying an additional 2,183 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 3.0 %

NYSE XOM opened at $111.98 on Friday. The business’s fifty day simple moving average is $109.34 and its 200-day simple moving average is $113.65. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $485.90 billion, a PE ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current 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 $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Finally, Bernstein Bank upped their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insiders Place Their Bets

In other 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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

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.