Exxon Mobil Corporation $XOM Shares Purchased by Allied Investment Advisors LLC

Allied Investment Advisors LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 122,986 shares of the oil and gas company’s stock after buying an additional 4,891 shares during the period. Exxon Mobil comprises approximately 2.2% of Allied Investment Advisors LLC’s holdings, making the stock its 14th biggest position. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $13,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $6,163,719,000. First Trust Advisors LP increased its holdings in shares of Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the last quarter. Cerity Partners LLC lifted its position in Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after buying an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after buying an additional 3,066,736 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in Exxon Mobil during the second quarter worth $144,147,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.7%

Shares of XOM stock opened at $141.43 on Monday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $142.34. The firm has a market cap of $596.43 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 14.93 and a beta of 0.39. The company has a 50-day moving average of $122.80 and a two-hundred day moving average of $116.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Piper Sandler cut their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Citigroup upped their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Barclays lifted their target price on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Bank of America lifted their target price on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Zacks Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

Get Our Latest Stock Analysis on Exxon Mobil

Key Stories Impacting Exxon Mobil

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Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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