Boussard & Gavaudan Investment Management LLP Purchases Shares of 17,485 Exxon Mobil Co. (NYSE:XOM)

Boussard & Gavaudan Investment Management LLP bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,485 shares of the oil and gas company's stock, valued at approximately $1,849,000.

Several other institutional investors also recently modified their holdings of XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.05.

Exxon Mobil Stock Down 0.2 %

Shares of XOM traded down $0.23 during midday trading on Friday, reaching $117.66. 10,220,644 shares of the stock were exchanged, compared to its average volume of 15,706,266. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company's 50 day moving average is $110.73 and its two-hundred day moving average is $113.71. The company has a market capitalization of $510.53 billion, a P/E ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors 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 dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

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.