Madison Investment Advisors LLC Purchases New Stake in Exxon Mobil Co. (NYSE:XOM)

Madison Investment Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 160,838 shares of the oil and gas company's stock, valued at approximately $17,301,000.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings 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. boosted its holdings 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. boosted its holdings in Exxon Mobil by 16.3% during 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 acquiring an additional 4,415,012 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock worth $1,963,000 after acquiring an additional 1,875,320 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company's stock worth $192,853,000 after acquiring an additional 1,776,848 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Wells Fargo & Company cut 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. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.25.

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Exxon Mobil Stock Down 0.0 %

XOM stock opened at $109.12 on Thursday. 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 $109.24 and its 200 day moving average is $113.77. The stock has a market cap of $473.47 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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 firm earned $2.48 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

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.

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