Exxon Mobil Co. (NYSE:XOM) Position Increased by Ellenbecker Investment Group

Ellenbecker Investment Group increased its stake in Exxon Mobil Co. (NYSE:XOM) by 43.8% during the 4th quarter, HoldingsChannel reports. The firm owned 8,666 shares of the oil and gas company’s stock after acquiring an additional 2,640 shares during the period. Ellenbecker Investment Group’s holdings in Exxon Mobil were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Root Financial Partners LLC raised its stake in Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 199 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after acquiring an additional 575,649 shares in the last quarter. Qsemble Capital Management LP raised its stake in Exxon Mobil by 34.3% during the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after acquiring an additional 1,200 shares in the last quarter. RNC Capital Management LLC raised its stake in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares in the last quarter. Finally, Meyer Handelman Co. raised its stake in Exxon Mobil by 5.9% during the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after acquiring an additional 21,895 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $121.05 on Thursday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $479.15 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 4.16 and a beta of 0.96. The stock’s fifty day simple moving average is $112.69 and its 200-day simple moving average is $106.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating 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 business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio is 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Truist Financial boosted 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. Mizuho reissued a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.