Principal Securities Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,519 shares of the oil and gas company's stock after purchasing an additional 5,277 shares during the quarter. Principal Securities Inc.'s holdings in Exxon Mobil were worth $9,845,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Compass Financial Services Inc acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $48,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Stock Performance
Shares of XOM traded down $1.33 during trading hours on Friday, hitting $110.67. The company had a trading volume of 14,676,984 shares, compared to its average volume of 15,010,274. The firm has a market cap of $486.39 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.97 and a beta of 0.89. The business has a fifty day moving average of $108.60 and a 200-day moving average of $114.52. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business earned $2.48 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Insider Activity at Exxon Mobil
In related 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on XOM. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Scotiabank reduced their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Finally, Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.25.
Check Out Our Latest Analysis on XOM
Exxon Mobil 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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