Objectivity Squared LLC Buys 126 Shares of Exxon Mobil Co. (NYSE:XOM)

Objectivity Squared LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,545 shares of the oil and gas company’s stock after purchasing an additional 126 shares during the period. Exxon Mobil comprises 1.2% of Objectivity Squared LLC’s portfolio, making the stock its 17th largest holding. Objectivity Squared LLC’s holdings in Exxon Mobil were worth $1,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. Confluence Investment Management LLC boosted its holdings in shares of Exxon Mobil by 3.4% in the third quarter. Confluence Investment Management LLC now owns 5,626 shares of the oil and gas company’s stock worth $659,000 after buying an additional 185 shares during the last quarter. Summit Global Investments grew its position in Exxon Mobil by 79.6% during the third quarter. Summit Global Investments now owns 5,729 shares of the oil and gas company’s stock valued at $672,000 after buying an additional 2,539 shares during the period. Philip James Wealth Mangement LLC purchased a new stake in Exxon Mobil during the third quarter valued at approximately $58,249,000. Finally, Capital Performance Advisors LLP raised its position in Exxon Mobil by 60.7% in the third quarter. Capital Performance Advisors LLP now owns 3,557 shares of the oil and gas company’s stock worth $417,000 after acquiring an additional 1,343 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 1.3 %

Shares of XOM stock opened at $109.05 on Monday. The company’s fifty day simple moving average is $109.05 and its two-hundred day simple moving average is $113.87. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The stock has a market cap of $473.20 billion, a P/E ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.