Portfolio Design Labs LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,183 shares of the oil and gas company's stock after purchasing an additional 6,920 shares during the period. Exxon Mobil comprises approximately 1.1% of Portfolio Design Labs LLC's holdings, making the stock its 20th largest position. Portfolio Design Labs LLC's holdings in Exxon Mobil were worth $5,291,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Financial Services Inc purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $48,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter valued at approximately $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.
Exxon Mobil Stock Performance
NYSE:XOM traded up $1.99 during trading hours on Tuesday, hitting $110.23. 4,097,913 shares of the company traded hands, compared to its average volume of 14,583,137. Exxon Mobil Co. has a twelve month low of $102.64 and a twelve month high of $126.34. The stock has a market capitalization of $484.48 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 2.94 and a beta of 0.89. 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 firm has a 50-day moving average of $108.68 and a 200 day moving average of $114.61.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm posted $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $129.25.
Check Out Our Latest Analysis on Exxon Mobil
Exxon Mobil Company Profile
(
Free Report)
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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