43,258 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by one8zero8 LLC

one8zero8 LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 43,258 shares of the oil and gas company’s stock, valued at approximately $4,653,000. Exxon Mobil comprises about 1.0% of one8zero8 LLC’s portfolio, making the stock its 20th biggest holding.

A number of other institutional investors also recently made changes to their positions in XOM. Principal Financial Group Inc. raised its holdings in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after acquiring an additional 521,932 shares during the last quarter. United Bank raised its holdings in shares of Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after acquiring an additional 641 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 1.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 71,573 shares of the oil and gas company’s stock worth $8,390,000 after acquiring an additional 962 shares during the last quarter. Empirical Finance LLC increased its stake in Exxon Mobil by 1.9% in the third quarter. Empirical Finance LLC now owns 160,836 shares of the oil and gas company’s stock valued at $18,853,000 after purchasing an additional 3,036 shares during the last quarter. Finally, Archer Investment Corp increased its stake in Exxon Mobil by 4.7% in the third quarter. Archer Investment Corp now owns 22,932 shares of the oil and gas company’s stock valued at $2,688,000 after purchasing an additional 1,023 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now 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 document filed with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $111.98 on Friday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The business has a 50-day moving average of $109.34 and a 200-day moving average of $113.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company posted $2.48 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.