Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,601 shares of the oil and gas company’s stock after buying an additional 4,789 shares during the quarter. Exxon Mobil makes up approximately 1.1% of Empirical Finance LLC’s investment portfolio, making the stock its 13th largest position. Empirical Finance LLC’s holdings in Exxon Mobil were worth $17,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $5,519,753,000. Global Assets Advisory LLC grew its position in Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after acquiring an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC increased its stake in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. International Assets Investment Management LLC increased its stake in Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares during the period. Finally, Capital International Investors boosted its stake in shares of Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after purchasing an additional 4,084,458 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho increased their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Exxon Mobil Stock Up 0.0 %

XOM traded up $0.02 during trading on Friday, reaching $113.27. The company had a trading volume of 11,619,979 shares, compared to its average volume of 17,916,236. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market cap of $446.62 billion, a P/E ratio of 13.82, a PEG ratio of 4.14 and a beta of 0.91. The business’s fifty day moving average price is $114.22 and its 200 day moving average price is $110.34. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.83 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 9.02 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.35%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on 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 owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.