Prudential PLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Prudential PLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,097 shares of the oil and gas company's stock after acquiring an additional 8,698 shares during the quarter. Prudential PLC's holdings in Exxon Mobil were worth $6,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Principal Financial Group Inc. raised its holdings in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank lifted its holdings in shares of Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after purchasing an additional 641 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Exxon Mobil by 12.8% during the third quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company's stock worth $67,631,000 after buying an additional 65,311 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in Exxon Mobil by 17.3% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 16,036 shares of the oil and gas company's stock valued at $1,880,000 after buying an additional 2,369 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in Exxon Mobil during the third quarter valued at about $28,084,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Exxon Mobil Stock Performance

Shares of XOM stock traded down $8.26 during mid-day trading on Friday, reaching $104.17. The stock had a trading volume of 30,827,385 shares, compared to its average volume of 15,739,626. 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 business's fifty day moving average is $111.16 and its 200-day moving average is $113.81. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a market cap of $452.01 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated 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 owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XOM. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Truist Financial upped 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. Barclays dropped their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.80.

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.