Integrated Quantitative Investments LLC Purchases New Shares in Exxon Mobil Co. (NYSE:XOM)

Integrated Quantitative Investments LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,480 shares of the oil and gas company's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Western Trust Bank raised its stake in Exxon Mobil by 7.9% in the fourth quarter. First Western Trust Bank now owns 15,752 shares of the oil and gas company's stock valued at $1,694,000 after purchasing an additional 1,160 shares in the last quarter. Smith Moore & CO. raised its position in shares of Exxon Mobil by 12.8% in the 4th quarter. Smith Moore & CO. now owns 44,497 shares of the oil and gas company's stock valued at $4,787,000 after buying an additional 5,052 shares in the last quarter. Prudential PLC lifted its holdings in shares of Exxon Mobil by 16.9% during the 4th quarter. Prudential PLC now owns 60,097 shares of the oil and gas company's stock worth $6,465,000 after acquiring an additional 8,698 shares during the period. Unison Advisors LLC boosted its position in shares of Exxon Mobil by 0.8% during the 4th quarter. Unison Advisors LLC now owns 21,409 shares of the oil and gas company's stock worth $2,303,000 after acquiring an additional 162 shares in the last quarter. Finally, PAX Financial Group LLC increased its stake in Exxon Mobil by 2.6% in the fourth quarter. PAX Financial Group LLC now owns 10,465 shares of the oil and gas company's stock valued at $1,126,000 after acquiring an additional 269 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction 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 completion of the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays cut their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, HSBC decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.80.

Exxon Mobil Trading Down 7.3 %

NYSE:XOM traded down $8.26 on Friday, reaching $104.17. 30,827,385 shares of the stock traded hands, compared to its average volume of 15,739,626. The firm has a market capitalization of $452.01 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. 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 company's 50 day moving average is $111.16 and its 200-day moving average is $113.81.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business posted $2.48 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal 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 paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil's dividend payout ratio is currently 50.51%.

About Exxon Mobil

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.