ZEGA Investments LLC Buys New Stake in Exxon Mobil Co. (NYSE:XOM)

ZEGA Investments LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 79,605 shares of the oil and gas company's stock, valued at approximately $8,650,000. Exxon Mobil comprises about 2.1% of ZEGA Investments LLC's portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Longfellow Investment Management Co. LLC increased its holdings in shares of Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock valued at $1,704,000 after buying an additional 88 shares in the last quarter. West Oak Capital LLC boosted its stake in shares of Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after acquiring an additional 92 shares in the last quarter. Beacon Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares during the last quarter. Cadent Capital Advisors LLC raised its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after purchasing an additional 94 shares during the period. Finally, Lincoln Capital LLC lifted its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

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Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.15.

Exxon Mobil Stock Up 0.7 %

Shares of Exxon Mobil stock traded up $0.81 during trading on Tuesday, hitting $116.61. 12,080,693 shares of the stock traded hands, compared to its average volume of 14,959,556. The company has a fifty day moving average price of $110.22 and a two-hundred day moving average price of $113.58. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The stock has a market cap of $505.99 billion, a P/E ratio of 14.87, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 company earned $2.48 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other 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 transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

About Exxon Mobil

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.