Hunter Associates Investment Management LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Hunter Associates Investment Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,903 shares of the oil and gas company’s stock after purchasing an additional 394 shares during the period. Exxon Mobil accounts for about 0.9% of Hunter Associates Investment Management LLC’s holdings, making the stock its 26th biggest position. Hunter Associates Investment Management LLC’s holdings in Exxon Mobil were worth $5,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. boosted its holdings in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. boosted its holdings in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $49,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.1 %

Shares of XOM stock opened at $119.88 on Monday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market cap of $474.52 billion, a P/E ratio of 13.48, a P/E/G ratio of 4.12 and a beta of 0.96. The business has a fifty day simple moving average of $111.55 and a 200-day simple moving average of $106.23. 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:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.40 EPS. On average, analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. TD Cowen increased their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. UBS Group raised their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

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.