Virtu Financial LLC Makes New $2.42 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Virtu Financial LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,464 shares of the oil and gas company's stock, valued at approximately $2,416,000.

Several other hedge funds have also recently made changes to their positions in XOM. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.56 during mid-day trading on Tuesday, hitting $116.36. 4,250,376 shares of the stock were exchanged, compared to its average volume of 14,959,556. 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 Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The firm has a fifty day moving average of $110.22 and a 200 day moving average of $113.58. The company has a market cap of $504.89 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

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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 EPS 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 period last year, the business earned $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on XOM shares. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Truist Financial raised 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. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $129.15.

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.