Johnson Financial Group LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Johnson Financial Group LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 370.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,824 shares of the oil and gas company’s stock after buying an additional 15,614 shares during the quarter. Exxon Mobil comprises 0.3% of Johnson Financial Group LLC’s investment portfolio, making the stock its 19th biggest holding. Johnson Financial Group LLC’s holdings in Exxon Mobil were worth $1,637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. State Street Corp grew its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after purchasing an additional 1,128,974 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after purchasing an additional 3,441,825 shares during the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $3,184,424,000. GQG Partners LLC grew its stake in shares of Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after purchasing an additional 5,807,202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock valued at $1,873,632,000 after purchasing an additional 164,733 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders sold a total of 7,147 shares of company stock valued at $698,858 over the last quarter. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $87.19 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The stock has a fifty day moving average of $91.11 and a two-hundred day moving average of $85.81. The company has a market capitalization of $367.29 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.32 and a beta of 1.09. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil’s revenue was up 70.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 12.24 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil’s dividend payout ratio is currently 38.51%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler raised Exxon Mobil from a “neutral” rating to an “overweight” rating and raised their price target for the company from $102.00 to $109.00 in a report on Tuesday, July 19th. The Goldman Sachs Group raised their price target on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Cowen raised their price target on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price target for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Bank of America raised their price target on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $96.40.

Exxon Mobil Company Profile

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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; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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