Straightline Group LLC Invests $441,000 in Exxon Mobil Co. (NYSE:XOM)

Straightline Group LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,097 shares of the oil and gas company's stock, valued at approximately $441,000. Exxon Mobil makes up 0.3% of Straightline Group LLC's holdings, making the stock its 20th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake 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 worth $786,453,000 after purchasing an additional 521,932 shares during the last quarter. United Bank lifted its position in shares of Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after buying an additional 641 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in Exxon Mobil by 0.7% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 23,325 shares of the oil and gas company's stock valued at $2,734,000 after buying an additional 173 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Exxon Mobil by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,113,715 shares of the oil and gas company's stock valued at $247,770,000 after acquiring an additional 139,067 shares during the last quarter. Finally, EWA LLC raised its stake in Exxon Mobil by 25.9% during the third quarter. EWA LLC now owns 6,314 shares of the oil and gas company's stock worth $761,000 after acquiring an additional 1,299 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

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Insider Transactions at Exxon Mobil

In other Exxon Mobil 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 transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 3.1 %

Shares of XOM stock traded up $3.12 on Friday, hitting $103.05. The stock had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $447.13 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The business has a 50 day moving average of $110.33 and a 200 day moving average of $113.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group lowered their price objective on shares of Exxon Mobil from $146.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Mizuho decreased their price objective on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.95.

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.