Nemes Rush Group LLC Buys 49,239 Shares of Exxon Mobil Co. (NYSE:XOM)

Nemes Rush Group LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 211.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,559 shares of the oil and gas company’s stock after buying an additional 49,239 shares during the period. Nemes Rush Group LLC’s holdings in Exxon Mobil were worth $7,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rockline Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Renasant Bank raised its position in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Helen Stephens Group LLC lifted its stake in Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Hilltop Holdings Inc. boosted its holdings in shares of Exxon Mobil by 41.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock worth $8,942,000 after purchasing an additional 22,296 shares in the last quarter. Finally, Merewether Investment Management LP grew its position in Exxon Mobil by 3.2% during the third quarter. Merewether Investment Management LP now owns 307,243 shares of the oil and gas company’s stock valued at $36,015,000 after acquiring an additional 9,600 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays lowered their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. One research 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 has an average rating of “Moderate Buy” and an average target price of $129.05.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 1.2 %

Shares of NYSE:XOM opened at $119.09 on Tuesday. The firm has a market cap of $516.73 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a fifty day simple moving average of $110.87 and a 200 day simple moving average of $113.80. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted $2.48 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Exxon Mobil 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.