Exxon Mobil Corporation $XOM Shares Acquired by Holocene Advisors LP

Holocene Advisors LP grew its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 33.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,927,752 shares of the oil and gas company’s stock after purchasing an additional 740,140 shares during the quarter. Exxon Mobil makes up about 0.8% of Holocene Advisors LP’s portfolio, making the stock its 24th biggest holding. Holocene Advisors LP’s holdings in Exxon Mobil were worth $330,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its stake in Exxon Mobil by 2.6% in the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after purchasing an additional 5,573 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 3.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after buying an additional 9,831 shares during the last quarter. Capital Counsel LLC NY boosted its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after buying an additional 460 shares in the last quarter. HORAN Wealth LLC boosted its holdings in shares of Exxon Mobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after buying an additional 5,788 shares in the last quarter. Finally, New Age Alpha Advisors LLC grew its position in shares of Exxon Mobil by 5.6% in the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after buying an additional 8,853 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Piper Sandler boosted their target price on Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Finally, Bank of America raised their price target on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $146.00.

Check Out Our Latest Analysis on Exxon Mobil

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,150 shares of Exxon Mobil stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the sale, the vice president directly owned 18,204 shares in the company, valued at $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 13,380 shares of company stock valued at $1,871,484. 0.03% of the stock is owned by company insiders.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Stock Up 1.8%

Shares of Exxon Mobil stock opened at $156.29 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $159.60. The company has a market cap of $651.20 billion, a P/E ratio of 23.36, a PEG ratio of 1.22 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a fifty day moving average of $141.99 and a two-hundred day moving average of $124.76.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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