SRS Capital Advisors Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,077 shares of the oil and gas company’s stock after acquiring an additional 1,677 shares during the period. SRS Capital Advisors Inc.’s holdings in Exxon Mobil were worth $1,054,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Axiom Financial Strategies LLC increased its stake in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the 1st quarter valued at about $275,000. Loomis Sayles & Co. L P lifted its position in Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares during the last quarter. Ergoteles LLC boosted its stake in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new position in Exxon Mobil during the first quarter valued at approximately $237,000. Institutional investors own 57.49% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Morgan Stanley boosted their target price on Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Cowen increased their price objective on Exxon Mobil to $108.00 in a research note on Friday, November 4th. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.35.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The company had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. During the same period last year, the company posted $1.58 EPS. Exxon Mobil’s revenue was up 51.9% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is presently 29.71%.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the sale, the vice president now directly owns 34,272 shares of the company’s stock, valued at $3,598,560. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by company insiders.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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