Selway Asset Management Acquires New Holdings in Exxon Mobil Co. (NYSE:XOM)

Selway Asset Management purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,025 shares of the oil and gas company's stock, valued at approximately $325,000.

A number of other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in 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 buying an additional 521,932 shares in the last quarter. United Bank grew its stake 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 buying an additional 641 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Exxon Mobil by 12.8% in the 3rd quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company's stock worth $67,631,000 after acquiring an additional 65,311 shares during the period. Morse Asset Management Inc grew its position in Exxon Mobil by 9.9% in the third quarter. Morse Asset Management Inc now owns 73,308 shares of the oil and gas company's stock valued at $8,593,000 after acquiring an additional 6,589 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. raised its stake in shares of Exxon Mobil by 8.7% during the third quarter. Mission Creek Capital Partners Inc. now owns 23,542 shares of the oil and gas company's stock valued at $2,760,000 after purchasing an additional 1,876 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

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Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

XOM stock traded down $6.31 during midday trading on Thursday, reaching $112.36. The company had a trading volume of 21,185,561 shares, compared to its average volume of 15,714,152. The firm has a market capitalization of $487.53 billion, a PE ratio of 14.33, a P/E/G ratio of 3.02 and a beta of 0.60. The stock has a 50 day moving average price of $111.25 and a 200 day moving average price of $113.87. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week 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 released 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 period last year, the business posted $2.48 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Scotiabank reduced their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $128.80.

Exxon Mobil Company 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.