Sfmg LLC Acquires 484 Shares of Exxon Mobil Co. (NYSE:XOM)

Sfmg LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,702 shares of the oil and gas company’s stock after purchasing an additional 484 shares during the period. Sfmg LLC’s holdings in Exxon Mobil were worth $1,670,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC raised its stake in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $5,226,390,000. Imprint Wealth LLC raised its stake in shares of Exxon Mobil by 9,115.2% during the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after acquiring an additional 11,181,673 shares during the last quarter. Morgan Stanley raised its stake in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XOM. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Piper Sandler boosted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM opened at $118.46 on Friday. The company’s 50 day moving average price is $111.18 and its 200-day moving average price is $106.30. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market cap of $468.90 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the prior year, the company posted $3.40 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

About Exxon Mobil

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.