Aspect Partners LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Aspect Partners LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 27.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,601 shares of the oil and gas company’s stock after purchasing an additional 766 shares during the period. Aspect Partners LLC’s holdings in Exxon Mobil were worth $387,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Zullo Investment Group Inc. lifted its holdings in shares of Exxon Mobil by 2.8% during the 4th quarter. Zullo Investment Group Inc. now owns 14,333 shares of the oil and gas company’s stock valued at $1,542,000 after buying an additional 390 shares during the period. Boston Financial Mangement LLC lifted its holdings in shares of Exxon Mobil by 20.0% during the 4th quarter. Boston Financial Mangement LLC now owns 61,987 shares of the oil and gas company’s stock valued at $6,668,000 after buying an additional 10,337 shares during the period. First Bank & Trust lifted its holdings in shares of Exxon Mobil by 68.8% during the 4th quarter. First Bank & Trust now owns 10,666 shares of the oil and gas company’s stock valued at $1,147,000 after buying an additional 4,349 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 2.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 169,944 shares of the oil and gas company’s stock valued at $18,281,000 after buying an additional 4,297 shares during the period. Finally, Advyzon Investment Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at $852,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $110.67 on Monday. The firm has a market cap of $480.20 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $108.60 and its two-hundred day moving average is $114.48.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business earned $2.48 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on XOM shares. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.