OFI Invest Asset Management Buys New Stake in Exxon Mobil Co. (NYSE:XOM)

OFI Invest Asset Management bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 186,959 shares of the oil and gas company’s stock, valued at approximately $19,422,000.

Several other hedge funds also recently bought and sold shares of XOM. Kendall Capital Management raised its holdings in Exxon Mobil by 24.0% in the 4th quarter. Kendall Capital Management now owns 3,649 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 706 shares during the last quarter. Coordinated Financial Services Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $502,000. Axis Wealth Partners LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $524,000. Oak Harbor Wealth Partners LLC increased its stake in Exxon Mobil by 1.0% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 13,096 shares of the oil and gas company’s stock valued at $1,409,000 after purchasing an additional 134 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in Exxon Mobil by 2.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 133,541 shares of the oil and gas company’s stock worth $14,365,000 after buying an additional 2,703 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. BMO Capital Markets cut their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 1.3 %

XOM stock opened at $109.05 on Friday. The firm has a market cap of $473.20 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a fifty day moving average price of $109.05 and a two-hundred day moving average price of $113.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Profile

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.