Rahlfs Capital LLC Buys Shares of 38,465 Exxon Mobil Co. (NYSE:XOM)

Rahlfs Capital LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,465 shares of the oil and gas company's stock, valued at approximately $4,138,000. Exxon Mobil comprises about 3.9% of Rahlfs Capital LLC's investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also added to or reduced their stakes in XOM. Principal Financial Group Inc. grew its holdings in Exxon Mobil by 8.4% in the 3rd 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 boosted its holdings in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after purchasing an additional 641 shares during the period. Janus Henderson Group PLC grew its stake in shares of Exxon Mobil by 12.8% in the third quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company's stock worth $67,631,000 after purchasing an additional 65,311 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in Exxon Mobil by 17.3% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 16,036 shares of the oil and gas company's stock valued at $1,880,000 after purchasing an additional 2,369 shares during the period. Finally, Weiss Asset Management LP bought a new position in Exxon Mobil during the 3rd quarter valued at approximately $28,084,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on XOM shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Exxon Mobil Stock Down 1.6 %

XOM stock traded down $1.70 during trading on Monday, hitting $102.64. 35,061,819 shares of the stock traded hands, compared to its average volume of 15,816,987. The stock has a market cap of $445.38 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. 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 $98.59 and a 1 year high of $126.34. The firm's 50 day moving average is $111.16 and its two-hundred day moving average is $113.81.

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 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 quarter in the previous year, the firm posted $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 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.