Capital Research Global Investors Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Capital Research Global Investors boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,763,179 shares of the oil and gas company's stock after purchasing an additional 1,293,111 shares during the period. Capital Research Global Investors owned about 0.79% of Exxon Mobil worth $3,739,465,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors own 61.80% of the company's stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the company's 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 sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 2.5 %

Shares of NYSE:XOM opened at $106.84 on Friday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. 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 stock's 50-day moving average price is $109.82 and its 200-day moving average price is $112.81. The stock has a market capitalization of $462.12 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

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 prior year, the business earned $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current 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 $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Mizuho lowered their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.75.

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.

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