423 Shares in Exxon Mobil Corporation $XOM Purchased by 1248 Management LLC

1248 Management LLC purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 423 shares of the oil and gas company’s stock, valued at approximately $50,000.

Other hedge funds have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its stake in Exxon Mobil by 300.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock valued at $1,534,000 after purchasing an additional 10,697 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $333,000. Quadcap Wealth Management LLC increased its holdings in Exxon Mobil by 13.4% in the 4th quarter. Quadcap Wealth Management LLC now owns 21,697 shares of the oil and gas company’s stock valued at $2,334,000 after buying an additional 2,565 shares during the period. ProShare Advisors LLC increased its holdings in Exxon Mobil by 4.0% in the 4th quarter. ProShare Advisors LLC now owns 2,343,634 shares of the oil and gas company’s stock valued at $252,105,000 after buying an additional 90,835 shares during the period. Finally, Point72 Europe London LLP bought a new position in Exxon Mobil in the 4th quarter valued at about $44,166,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on XOM shares. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Piper Sandler lifted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $124.81.

Exxon Mobil Price Performance

Shares of XOM opened at $112.26 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $478.59 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The business has a 50-day moving average of $110.55 and a 200-day moving average of $109.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The firm’s revenue was down 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.