Exxon Mobil Co. (NYSE:XOM) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 260,220 shares of the oil and gas company’s stock after buying an additional 17,051 shares during the quarter. Scotia Capital Inc.’s holdings in Exxon Mobil were worth $27,995,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XOM shares. Mizuho lowered their price target on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler cut 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 report on Thursday, December 19th. One investment 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 stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $106.00 on Thursday. The firm has a market cap of $459.95 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a 50 day moving average price of $110.61 and a 200-day moving average price of $113.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $98.13 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the business earned $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 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.