Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Perpetual Ltd

Perpetual Ltd raised its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 10.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 36,252 shares of the oil and gas company’s stock after purchasing an additional 3,508 shares during the period. Perpetual Ltd’s holdings in Exxon Mobil were worth $4,214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $80,000. Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $80,000. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at approximately $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. HSBC lifted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Truist Financial reissued a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a 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 $133.71.

Check Out Our Latest Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the business’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 directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

NYSE:XOM traded up $2.37 on Thursday, reaching $111.75. The stock had a trading volume of 17,432,219 shares, compared to its average volume of 18,097,930. The company has a market capitalization of $440.63 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $116.09 and a 200-day moving average price of $108.96.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the company posted $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.40%. Exxon Mobil’s payout ratio is 46.57%.

About Exxon Mobil

(Free Report)

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.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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