Headlands Technologies LLC Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

Headlands Technologies LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,407 shares of the oil and gas company's stock, valued at approximately $8,542,000. Exxon Mobil comprises 0.9% of Headlands Technologies LLC's holdings, making the stock its 15th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockline Wealth Management LLC boosted its holdings in Exxon Mobil by 6.1% in 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 purchasing an additional 1,498 shares during the last quarter. Renasant Bank increased its position in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares during the last quarter. Helen Stephens Group LLC grew its position in Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after buying an additional 2,825 shares during the period. Hilltop Holdings Inc. lifted its position in shares of Exxon Mobil by 41.3% in the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company's stock valued at $8,942,000 after acquiring an additional 22,296 shares in the last quarter. Finally, Merewether Investment Management LP grew its holdings in Exxon Mobil by 3.2% during the 3rd quarter. Merewether Investment Management LP now owns 307,243 shares of the oil and gas company's stock valued at $36,015,000 after buying an additional 9,600 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

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Exxon Mobil Price Performance

Shares of XOM stock traded down $6.15 on Friday, reaching $106.28. 14,012,654 shares of the company were exchanged, compared to its average volume of 16,057,278. 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 Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a market cap of $461.18 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.60. The business has a 50-day moving average price of $111.25 and a 200 day moving average price of $113.87.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 last year, the firm posted $2.48 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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 was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.73%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Piper Sandler dropped their target price 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. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $128.80.

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.