AGF Management Ltd. Has $35.49 Million Stake in Exxon Mobil Co. (NYSE:XOM)

AGF Management Ltd. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,882 shares of the oil and gas company’s stock after buying an additional 27,944 shares during the quarter. AGF Management Ltd.’s holdings in Exxon Mobil were worth $35,485,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the third quarter worth approximately $51,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Scotiabank lowered their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Stock Performance

Shares of XOM opened at $109.06 on Wednesday. The firm has a market cap of $473.24 billion, a PE ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. The stock’s fifty day moving average price is $109.20 and its two-hundred day moving average price is $113.80. 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 Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

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.