CWA Asset Management Group LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,625 shares of the oil and gas company’s stock after purchasing an additional 5,716 shares during the quarter. CWA Asset Management Group LLC’s holdings in Exxon Mobil were worth $3,488,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of XOM. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares during the last quarter. FMR LLC grew its holdings in shares of Exxon Mobil by 14.9% during the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Exxon Mobil by 1,505.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after buying an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Exxon Mobil during the third quarter valued at $347,253,000. Finally, Legal & General Group Plc grew its holdings in shares of Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after buying an additional 3,131,617 shares during the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Down 1.2 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the prior year, the company earned $2.05 EPS. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Barclays upped their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Piper Sandler lowered their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. HSBC upped their price target on shares of Exxon Mobil to $111.00 in a report on Friday, December 2nd. B. Riley upped their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.64.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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