Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)


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Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 180,369.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 384,400 shares of the oil and gas company’s stock after purchasing an additional 384,187 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Exxon Mobil were worth $15,845,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Monterey Private Wealth Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $691,000. Perigon Wealth Management LLC boosted its position in Exxon Mobil by 16.1% during the 4th quarter. Perigon Wealth Management LLC now owns 42,405 shares of the oil and gas company’s stock valued at $1,748,000 after purchasing an additional 5,885 shares during the period. SevenBridge Financial Group LLC boosted its position in Exxon Mobil by 48.2% during the 4th quarter. SevenBridge Financial Group LLC now owns 28,536 shares of the oil and gas company’s stock valued at $1,176,000 after purchasing an additional 9,281 shares during the period. HighMark Wealth Management LLC boosted its position in Exxon Mobil by 34.3% during the 4th quarter. HighMark Wealth Management LLC now owns 4,156 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 1,061 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its position in Exxon Mobil by 12.9% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,880 shares of the oil and gas company’s stock valued at $1,067,000 after purchasing an additional 2,966 shares during the period. Institutional investors own 50.90% of the company’s stock.

XOM has been the subject of a number of analyst reports. Evercore ISI initiated coverage on Exxon Mobil in a research report on Tuesday, February 23rd. They set an “inline” rating and a $48.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $65.00 price objective on shares of Exxon Mobil in a research report on Tuesday, March 16th. Morgan Stanley boosted their price target on Exxon Mobil from $60.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 16th. Smith Barney Citigroup boosted their price target on Exxon Mobil from $33.00 to $39.00 in a research report on Wednesday, December 9th. Finally, Truist Financial boosted their price target on Exxon Mobil from $39.00 to $45.00 in a research report on Friday, December 18th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $52.67.

XOM opened at $56.34 on Wednesday. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The stock’s fifty day moving average is $56.95 and its 200-day moving average is $44.43. The company has a market capitalization of $238.52 billion, a PE ratio of 33.54 and a beta of 1.31.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Monday, February 1st. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $46.54 billion for the quarter, compared to analyst estimates of $48.76 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. Exxon Mobil’s revenue for the quarter was down 30.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 10th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend was Tuesday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

In related news, Director Michael J. Angelakis bought 25,000 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were bought at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $457,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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