Cadinha & Co. LLC Acquires 3,354 Shares of Exxon Mobil Co. (NYSE:XOM)

Cadinha & Co. LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 140,965 shares of the oil and gas company's stock after buying an additional 3,354 shares during the quarter. Exxon Mobil makes up approximately 2.5% of Cadinha & Co. LLC's holdings, making the stock its 20th largest holding. Cadinha & Co. LLC's holdings in Exxon Mobil were worth $15,164,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after buying an additional 1,622,064 shares in the last quarter. Legal & General Group Plc lifted its holdings in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after buying an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after buying an additional 4,415,012 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after buying an additional 146,374 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Truist Financial increased 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.84.

Exxon Mobil Stock Down 0.7 %

XOM stock traded down $0.75 during trading hours on Tuesday, reaching $111.57. 3,263,409 shares of the stock were exchanged, compared to its average volume of 13,944,955. The firm's 50-day moving average is $112.40 and its 200-day moving average is $115.50. The company has a market cap of $490.35 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

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.