Envestnet Asset Management Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Envestnet Asset Management Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,031,675 shares of the oil and gas company's stock after purchasing an additional 300,067 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Exxon Mobil worth $541,257,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XOM. Norges Bank acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $6,936,737,000. Bank of New York Mellon Corp grew its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. grew its position in Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after acquiring an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. increased its holdings in Exxon Mobil by 16.3% in 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 purchasing an additional 4,415,012 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 1,875,320 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM stock traded down $0.90 during mid-day trading on Wednesday, reaching $99.87. 9,104,841 shares of the company traded hands, compared to its average volume of 15,829,887. Exxon Mobil Co. has a 52-week low of $97.23 and a 52-week high of $126.34. The company has a market capitalization of $433.35 billion, a P/E ratio of 12.74, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a fifty day moving average price of $110.70 and a 200-day moving average price of $113.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 in the previous year, the firm earned $2.48 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. UBS Group lowered their price objective on Exxon Mobil from $146.00 to $135.00 and set a "buy" rating for the company in a research note on Monday. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Barclays cut their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Mizuho decreased their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

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.