Bolthouse Investments LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Bolthouse Investments LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,697 shares of the oil and gas company's stock, valued at approximately $720,000. Exxon Mobil accounts for about 0.7% of Bolthouse Investments LLC's holdings, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Principal Financial Group Inc. boosted its holdings in shares of Exxon Mobil by 8.4% during the third 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 period. McIlrath & Eck LLC boosted its holdings in shares of Exxon Mobil by 7.4% during the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock worth $657,000 after acquiring an additional 387 shares during the period. Passumpsic Savings Bank boosted its holdings in shares of Exxon Mobil by 50.5% during the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after acquiring an additional 1,214 shares during the period. Advisory Resource Group boosted its stake in shares of Exxon Mobil by 3.0% in the third quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock valued at $5,123,000 after buying an additional 1,270 shares during the period. Finally, Diamant Asset Management Inc. boosted its stake in shares of Exxon Mobil by 0.9% in the third quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock valued at $1,518,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $0.07 during trading on Monday, hitting $108.64. 13,859,913 shares of the company were exchanged, compared to its average volume of 15,876,380. The business's 50 day moving average is $109.75 and its 200-day moving average is $112.13. The company has a market capitalization of $469.90 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly 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 quarter last year, the company earned $2.48 EPS. Equities analysts forecast 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 issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil's payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction 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 directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. 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. Morgan Stanley cut their price target 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. Finally, The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $126.50.

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.