General American Investors Co. Inc. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 93,100 shares of the oil and gas company's stock, valued at approximately $10,822,000.
Several other institutional investors have also added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in Exxon Mobil by 104.2% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 34,115 shares of the oil and gas company's stock worth $3,966,000 after buying an additional 17,409 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Exxon Mobil by 9.4% during the 1st quarter. Rehmann Capital Advisory Group now owns 29,677 shares of the oil and gas company's stock worth $3,450,000 after buying an additional 2,546 shares in the last quarter. Commerce Bank lifted its position in Exxon Mobil by 1.5% during the 1st quarter. Commerce Bank now owns 821,902 shares of the oil and gas company's stock worth $95,538,000 after buying an additional 11,795 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Exxon Mobil during the 1st quarter worth about $891,000. Finally, Boomfish Wealth Group LLC lifted its position in Exxon Mobil by 1.2% during the 1st quarter. Boomfish Wealth Group LLC now owns 12,935 shares of the oil and gas company's stock worth $1,504,000 after buying an additional 152 shares in the last quarter. 61.80% of the stock is owned by institutional investors.
Insider Activity
In other news, VP Darrin L. Talley sold 2,426 shares of the firm'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 transaction, the vice president now owns 25,363 shares of the company's stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company's stock.
Exxon Mobil Price Performance
Shares of Exxon Mobil stock traded up $0.56 on Thursday, reaching $112.48. 1,745,337 shares of the stock were exchanged, compared to its average volume of 17,878,031. The firm's 50 day moving average is $114.28 and its 200-day moving average is $110.32. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $443.51 billion, a PE ratio of 13.59, a P/E/G ratio of 4.07 and a beta of 0.91.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS 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%. Exxon Mobil's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.83 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 9.18 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil's payout ratio is currently 46.57%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on XOM shares. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, April 18th. Morgan Stanley reaffirmed an "overweight" rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. UBS Group upped their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a "buy" rating in a report on Tuesday, June 25th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an "overweight" rating in a report on Tuesday, April 30th. Finally, Mizuho upped their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $134.41.
About Exxon Mobil
(Free Report)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.
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