Mendel Capital Management LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Mendel Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,673 shares of the oil and gas company’s stock after purchasing an additional 201 shares during the quarter. Mendel Capital Management LLC’s holdings in Exxon Mobil were worth $267,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its stake in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil during the fourth quarter worth $5,226,390,000. Imprint Wealth LLC boosted its stake in Exxon Mobil by 9,115.2% during the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after buying an additional 11,181,673 shares during the last quarter. Morgan Stanley boosted its stake in Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after buying an additional 4,870,115 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated 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 approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday. They set an “overweight” rating and a $147.00 price objective on the stock. Piper Sandler decreased their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday. TD Cowen upped their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $120.37 on Friday. The stock’s 50-day moving average is $109.87 and its two-hundred day moving average is $106.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market cap of $477.61 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the prior year, the business earned $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 9.54 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.16%. Exxon Mobil’s payout ratio is currently 42.74%.

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.