CRA Financial Services LLC Has $3.37 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

CRA Financial Services LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,664 shares of the oil and gas company’s stock after selling 2,514 shares during the quarter. Exxon Mobil accounts for 0.8% of CRA Financial Services LLC’s portfolio, making the stock its 25th largest holding. CRA Financial Services LLC’s holdings in Exxon Mobil were worth $3,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Moneta Group Investment Advisors LLC raised its stake in shares of Exxon Mobil by 140,855.3% in 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 stake in shares of Exxon Mobil during the 4th quarter valued at $5,226,390,000. Imprint Wealth LLC raised its position in shares of Exxon Mobil by 9,115.2% during the 2nd 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 grew its holdings in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Exxon Mobil by 10,221.0% in the 4th 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 buying an additional 4,870,115 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Truist Financial boosted their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Piper Sandler lifted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Mizuho restated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Up 1.1 %

NYSE XOM opened at $119.88 on Monday. The business’s 50-day moving average price is $111.55 and its two-hundred day moving average price is $106.23. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market capitalization of $474.52 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 EPS. The business’s revenue was down 11.6% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. 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.