Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,991 shares of the oil and gas company's stock after buying an additional 37,989 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Exxon Mobil were worth $29,366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC boosted its position in Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after purchasing an additional 92 shares during the period. Beacon Capital Management LLC increased its stake in Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares during the period. Cadent Capital Advisors LLC increased its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after purchasing an additional 94 shares during the last quarter. Lincoln Capital LLC grew its holdings in Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after purchasing an additional 94 shares during the last quarter. Finally, Altus Wealth Group LLC increased its position in Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after buying an additional 94 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Exxon Mobil Stock Down 0.2 %

XOM traded down $0.23 on Friday, hitting $117.66. The company had a trading volume of 10,220,644 shares, compared to its average volume of 15,706,266. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a fifty day simple moving average of $110.73 and a 200-day simple moving average of $113.71. The firm has a market capitalization of $510.53 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 period in the previous year, the company earned $2.48 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil's payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XOM. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.05.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the 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 sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently 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.