Wellington Management Group LLP Has $3.22 Billion Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Wellington Management Group LLP boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,906,947 shares of the oil and gas company’s stock after acquiring an additional 1,269,629 shares during the quarter. Wellington Management Group LLP owned 0.69% of Exxon Mobil worth $3,217,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Geode Capital Management LLC lifted its position in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Norges Bank bought a new position in Exxon Mobil during the fourth quarter worth $6,936,737,000. Bank of New York Mellon Corp raised its stake in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Exxon Mobil by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock valued at $3,427,237,000 after buying an additional 700,415 shares during the period. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Trading Down 0.2 %

Shares of XOM stock opened at $117.66 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $510.53 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a 50-day simple moving average of $110.73 and a two-hundred day simple moving average of $113.74.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors 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 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.05.

Exxon Mobil Company 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.