3,425 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,425 shares of the oil and gas company’s stock, valued at approximately $342,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. purchased a new position in Exxon Mobil in the 3rd quarter valued at about $15,527,000. Nordea Investment Management AB lifted its holdings in Exxon Mobil by 0.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,052,745 shares of the oil and gas company’s stock valued at $123,434,000 after purchasing an additional 5,781 shares in the last quarter. Sargent Investment Group LLC lifted its holdings in shares of Exxon Mobil by 33.3% during the 3rd quarter. Sargent Investment Group LLC now owns 23,189 shares of the oil and gas company’s stock worth $2,727,000 after acquiring an additional 5,796 shares during the period. Pearl River Capital LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter worth about $2,268,000. Finally, WestHill Financial Advisors Inc. lifted its holdings in shares of Exxon Mobil by 3.1% during the 3rd quarter. WestHill Financial Advisors Inc. now owns 4,149 shares of the oil and gas company’s stock worth $488,000 after acquiring an additional 126 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Exxon Mobil Stock Down 0.8 %

NYSE:XOM traded down $0.93 during trading hours on Friday, hitting $109.11. The stock had a trading volume of 13,313,430 shares, compared to its average volume of 14,746,104. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a 50 day simple moving average of $116.83 and a two-hundred day simple moving average of $108.88. The company has a market cap of $430.22 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

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.