Exxon Mobil Co. (NYSE:XOM) Shares Bought by Keystone Financial Group

Keystone Financial Group lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,437 shares of the oil and gas company’s stock after acquiring an additional 481 shares during the period. Keystone Financial Group’s holdings in Exxon Mobil were worth $5,533,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after buying an additional 1,104,617 shares during the period. Norges Bank bought a new position in Exxon Mobil in the fourth quarter worth about $6,936,737,000. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock worth $3,427,237,000 after purchasing an additional 700,415 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. UBS Group cut their target price on Exxon Mobil from $146.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Finally, Barclays lowered their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.95.

Insider Activity

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

Exxon Mobil Price Performance

Shares of XOM opened at $103.05 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $445.70 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.61. The business’s 50-day moving average is $110.33 and its 200-day moving average is $113.19. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business posted $2.48 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.