197,575 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Allianz SE

Allianz SE purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 197,575 shares of the oil and gas company's stock, valued at approximately $20,896,000.

Other hedge funds have also added to or reduced their stakes in the company. Gardner Russo & Quinn LLC grew its holdings in shares of Exxon Mobil by 0.4% during the 4th quarter. Gardner Russo & Quinn LLC now owns 188,953 shares of the oil and gas company's stock worth $20,326,000 after acquiring an additional 720 shares during the period. WealthTrak Capital Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $221,000. Intrust Bank NA lifted its position in Exxon Mobil by 2.0% during the fourth quarter. Intrust Bank NA now owns 49,845 shares of the oil and gas company's stock valued at $5,362,000 after buying an additional 993 shares during the period. OneAscent Wealth Management LLC lifted its position in Exxon Mobil by 16.0% during the 4th quarter. OneAscent Wealth Management LLC now owns 6,540 shares of the oil and gas company's stock valued at $703,000 after acquiring an additional 904 shares during the period. Finally, Biondo Investment Advisors LLC grew its holdings in Exxon Mobil by 0.3% in the fourth quarter. Biondo Investment Advisors LLC now owns 137,259 shares of the oil and gas company's stock worth $14,765,000 after purchasing an additional 353 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded up $1.36 during trading on Monday, hitting $119.09. 20,940,905 shares of the company traded hands, compared to its average volume of 15,966,635. 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 has a market cap of $516.73 billion, a PE ratio of 15.19, a P/E/G ratio of 3.02 and a beta of 0.83. The stock's 50-day simple moving average is $110.73 and its two-hundred day simple moving average is $113.74. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

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Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share 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 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 payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Piper Sandler reduced their price objective 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. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.05.

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.