Discovery Capital Management LLC CT Invests $66.41 Million in Exxon Mobil Co. (NYSE:XOM)

Discovery Capital Management LLC CT bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 617,400 shares of the oil and gas company's stock, valued at approximately $66,414,000. Exxon Mobil makes up about 4.6% of Discovery Capital Management LLC CT's holdings, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Trexquant Investment LP bought a new stake in Exxon Mobil during the 4th quarter worth approximately $14,853,000. May Hill Capital LLC acquired a new position in Exxon Mobil in the fourth quarter worth $673,000. Headlands Technologies LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $8,542,000. Lokken Investment Group LLC increased its stake in shares of Exxon Mobil by 1.7% in the fourth quarter. Lokken Investment Group LLC now owns 13,814 shares of the oil and gas company's stock valued at $1,486,000 after buying an additional 231 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after buying an additional 1,104,617 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business'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 transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction 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.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Piper Sandler lowered their price objective 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. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Mizuho decreased their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $128.80.

Exxon Mobil Trading Down 5.3 %

NYSE:XOM traded down $6.31 on Thursday, reaching $112.36. The company's stock had a trading volume of 21,103,728 shares, compared to its average volume of 15,716,986. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business's 50-day moving average price is $111.20 and its two-hundred day moving average price is $113.89. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a market cap of $487.53 billion, a PE ratio of 14.33, a PEG ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 firm earned $2.48 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil's 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.