Exxon Mobil Co. (NYSE:XOM) Shares Bought by Envestnet Asset Management Inc.

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

A number of other large investors also recently bought and sold shares of XOM. Rockline Wealth Management LLC boosted its holdings in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after buying an additional 1,498 shares in the last quarter. Renasant Bank boosted its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Helen Stephens Group LLC grew its position in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after acquiring an additional 2,825 shares during the period. Hartford Funds Management Co LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $543,000. Finally, Coldstream Capital Management Inc. raised its holdings in Exxon Mobil by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company's stock worth $15,936,000 after purchasing an additional 16,392 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have commented on XOM shares. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $128.20.

Exxon Mobil Trading Down 1.6 %

Shares of Exxon Mobil stock traded down $1.70 during mid-day trading on Monday, hitting $102.64. The stock had a trading volume of 35,061,819 shares, compared to its average volume of 15,816,987. The firm has a market cap of $445.38 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $111.16 and a two-hundred day moving average of $113.81. Exxon Mobil Co. has a 12-month low of $98.59 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 period in the previous year, the company posted $2.48 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

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.