Duality Advisers LP Purchases Shares of 66,321 Exxon Mobil Co. (NYSE:XOM)

Duality Advisers LP acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 66,321 shares of the oil and gas company’s stock, valued at approximately $6,631,000. Exxon Mobil accounts for approximately 0.7% of Duality Advisers LP’s portfolio, making the stock its 6th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $80,000. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 792 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.6 %

Shares of NYSE XOM opened at $120.58 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $477.29 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a fifty day moving average price of $111.89 and a 200 day moving average price of $106.31.

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 for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the business posted $3.40 EPS. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. TD Cowen upped their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Truist Financial upped their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

About Exxon Mobil

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.