First Trust Advisors LP Buys 646,892 Shares of Exxon Mobil Co. (NYSE:XOM)

First Trust Advisors LP grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,157,102 shares of the oil and gas company's stock after acquiring an additional 646,892 shares during the period. Exxon Mobil comprises 0.5% of First Trust Advisors LP's investment portfolio, making the stock its 26th biggest position. First Trust Advisors LP owned approximately 0.12% of Exxon Mobil worth $554,749,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research analysts have commented on XOM shares. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Truist Financial upped their target price 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. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $126.75.

Exxon Mobil Trading Up 2.5 %

XOM stock opened at $106.84 on Friday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market capitalization of $462.12 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company's 50 day moving average price is $109.82 and its two-hundred day moving average price is $112.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 earnings per share 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 prior year, the company earned $2.48 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.71%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

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 shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.

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