Oak Thistle LLC Acquires Shares of 6,620 Exxon Mobil Co. (NYSE:XOM)

Oak Thistle LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,620 shares of the oil and gas company’s stock, valued at approximately $662,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $27,000. IMA Wealth Inc. grew 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 valued at $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $43,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Exxon Mobil during the third quarter valued at approximately $49,000. Finally, Studio Investment Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. TD Cowen increased their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. Mizuho increased their price objective on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Piper Sandler decreased their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.47.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.34 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The stock has a fifty day moving average of $107.34 and a 200-day moving average of $105.99. The company has a market capitalization of $473.52 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the prior year, the firm earned $3.40 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. 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 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Exxon Mobil Company Profile

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.