Sentry Investment Management LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Sentry Investment Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,447 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Sentry Investment Management LLC’s portfolio, making the stock its 14th largest holding. Sentry Investment Management LLC’s holdings in Exxon Mobil were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at $27,000. IMA Wealth Inc. boosted its position in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $43,000. Turim 21 Investimentos Ltda. increased its position in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. Finally, Studio Investment Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $49,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $118.63 on Thursday. The business’s 50-day moving average is $110.89 and its 200 day moving average is $106.22. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $469.57 billion, a P/E ratio of 13.34, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the firm earned $3.40 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is currently 42.74%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. TD Cowen upped their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Truist Financial upped their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Piper Sandler lowered their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

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.