Federated Hermes Inc. Purchases 21,066 Shares of Exxon Mobil Co. (NYSE:XOM)

Federated Hermes Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 493,535 shares of the oil and gas company’s stock after buying an additional 21,066 shares during the quarter. Federated Hermes Inc.’s holdings in Exxon Mobil were worth $49,344,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $27,000. IMA Wealth Inc. lifted its holdings in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $43,000. Turim 21 Investimentos Ltda. increased its position in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter valued at $49,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Wells Fargo & Company upped their price target on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Barclays began coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Up 1.2 %

Shares of XOM stock opened at $119.90 on Friday. 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 company has a market capitalization of $474.60 billion, a P/E ratio of 13.49, a P/E/G ratio of 4.07 and a beta of 0.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a 50-day moving average price of $111.55 and a 200 day moving average price of $106.33.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (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 company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.