Edmond DE Rothschild Holding S.A. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Edmond DE Rothschild Holding S.A. raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,473 shares of the oil and gas company's stock after buying an additional 19,340 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Exxon Mobil were worth $14,680,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank grew its holdings in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after buying an additional 641 shares in the last quarter. Encompass More Asset Management acquired a new position in shares of Exxon Mobil during the third quarter valued at $273,000. Tradition Wealth Management LLC raised its position in shares of Exxon Mobil by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 11,384 shares of the oil and gas company's stock worth $1,334,000 after buying an additional 362 shares in the last quarter. Finally, Semmax Financial Advisors Inc. lifted its position in Exxon Mobil by 1.4% in the third quarter. Semmax Financial Advisors Inc. now owns 61,390 shares of the oil and gas company's stock worth $7,388,000 after purchasing an additional 868 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Barclays dropped their target price 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 reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. Piper Sandler decreased their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $129.05.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 0.0 %

XOM stock traded up $0.00 during midday trading on Tuesday, hitting $118.93. The stock had a trading volume of 12,421,849 shares, compared to its average volume of 15,716,820. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year 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 business has a fifty day moving average price of $110.87 and a two-hundred day moving average price of $113.80. The firm has a market cap of $516.06 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 period in the prior year, the company posted $2.48 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

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.