Federated Hermes Inc. Acquires 21,066 Shares of Exxon Mobil Co. (NYSE:XOM)

Federated Hermes Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 493,535 shares of the oil and gas company’s stock after buying an additional 21,066 shares during the period. Federated Hermes Inc.’s holdings in Exxon Mobil were worth $49,344,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $27,000. IMA Wealth Inc. increased its position in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. boosted its position in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $49,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.2 %

Shares of XOM stock opened at $119.90 on Friday. The company has a market cap of $474.60 billion, a P/E ratio of 13.49, a PEG ratio of 4.07 and a beta of 0.96. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a 50 day simple moving average of $111.55 and a two-hundred day simple moving average of $106.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period in the prior year, the firm earned $3.40 earnings per share. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Mizuho reissued a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.