Bison Wealth LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Bison Wealth LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,869 shares of the oil and gas company’s stock after buying an additional 1,093 shares during the quarter. Exxon Mobil makes up about 0.7% of Bison Wealth LLC’s investment portfolio, making the stock its 29th largest holding. Bison Wealth LLC’s holdings in Exxon Mobil were worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position 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 worth $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after acquiring an additional 1,066,937 shares in the last quarter. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $5,226,390,000. Finally, Northern Trust Corp increased its stake in shares of Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after acquiring an additional 576,078 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s 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 directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. TD Cowen lifted their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Piper Sandler decreased their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Price Performance

NYSE XOM opened at $118.63 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $469.57 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96. The company has a 50 day simple moving average of $110.89 and a 200-day simple moving average of $106.22. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.40 EPS. Equities research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company 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. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

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.