Exxon Mobil Co. (NYSE:XOM) Stake Boosted by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 107,962 shares of the oil and gas company’s stock after acquiring an additional 3,101 shares during the period. Grandfield & Dodd LLC’s holdings in Exxon Mobil were worth $10,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Axiom Financial Strategies LLC lifted its stake in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $275,000. Loomis Sayles & Co. L P lifted its stake in shares of 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 valued at $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC lifted its stake in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $237,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

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

Exxon Mobil (NYSE:XOMGet Free Report) last posted 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 analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.40 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XOM shares. Piper Sandler lifted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group boosted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research 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 research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Read Our Latest Report on Exxon Mobil

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction 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 through this link. 0.03% of the stock is currently owned by insiders.

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.

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

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