First Fiduciary Investment Counsel Inc. Buys 500 Shares of Exxon Mobil Co. (NYSE:XOM)

First Fiduciary Investment Counsel Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,474 shares of the oil and gas company’s stock after acquiring an additional 500 shares during the quarter. First Fiduciary Investment Counsel Inc.’s holdings in Exxon Mobil were worth $447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares in the last quarter. FMR LLC increased its stake in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $295,515,000. Canada Pension Plan Investment Board boosted its position in Exxon Mobil by 21,620,510.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after acquiring an additional 2,162,051 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Exxon Mobil by 650.5% during the 4th quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock worth $186,452,000 after acquiring an additional 1,616,417 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Piper Sandler upped their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. TD Cowen upped 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. Finally, UBS Group upped 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. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.96 on Friday. The stock’s 50-day simple moving average is $113.33 and its 200 day simple moving average is $106.67. The firm has a market capitalization of $466.92 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 42.74%.

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.