Schnieders Capital Management LLC Buys 8,000 Shares of Exxon Mobil Co. (NYSE:XOM)

Schnieders Capital Management LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 53.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,030 shares of the oil and gas company’s stock after acquiring an additional 8,000 shares during the period. Schnieders Capital Management LLC’s holdings in Exxon Mobil were worth $2,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Management Group Inc. raised its position in Exxon Mobil by 215.0% during the 4th quarter. Private Management Group Inc. now owns 11,945 shares of the oil and gas company’s stock valued at $1,194,000 after purchasing an additional 8,153 shares in the last quarter. South Dakota Investment Council increased its holdings in shares of Exxon Mobil by 28.0% in the 4th quarter. South Dakota Investment Council now owns 278,194 shares of the oil and gas company’s stock valued at $27,814,000 after acquiring an additional 60,895 shares during the period. GAMMA Investing LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $2,784,000. Ellenbecker Investment Group increased its holdings in shares of Exxon Mobil by 43.8% in the 4th quarter. Ellenbecker Investment Group now owns 8,666 shares of the oil and gas company’s stock valued at $866,000 after acquiring an additional 2,640 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Exxon Mobil by 10.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,345 shares of the oil and gas company’s stock valued at $734,000 after acquiring an additional 697 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $120.77 on Thursday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a 50 day moving average of $112.69 and a two-hundred day moving average of $106.51. 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 firm has a market cap of $478.04 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 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 company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period in the previous year, the business earned $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. TD Cowen lifted their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.