Exxon Mobil Co. (NYSE:XOM) Shares Bought by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. grew its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,615 shares of the oil and gas company’s stock after buying an additional 772 shares during the quarter. Exxon Mobil accounts for about 2.7% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 5th largest holding. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil were worth $10,559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Traynor Capital Management Inc. grew its holdings in Exxon Mobil by 4.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after acquiring an additional 94 shares during the last quarter. Money Concepts Capital Corp grew its holdings in Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after acquiring an additional 95 shares during the last quarter. Defined Wealth Management LLC grew its holdings in Exxon Mobil by 2.4% during the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 96 shares during the last quarter. Well Done LLC grew its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after acquiring an additional 97 shares during the last quarter. Finally, Crown Wealth Group LLC lifted its position in shares of Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 97 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 1.1 %

Shares of Exxon Mobil stock opened at $119.88 on Monday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a market cap of $474.52 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $111.55 and its 200-day moving average price is $106.23.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the firm posted $3.40 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on XOM shares. Mizuho restated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. TD Cowen boosted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Truist Financial boosted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

View Our Latest Report on XOM

Exxon Mobil Company Profile

(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.

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

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