Roble Belko & Company Inc lifted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,695 shares of the oil and gas company’s stock after purchasing an additional 187 shares during the period. Roble Belko & Company Inc’s holdings in Exxon Mobil were worth $470,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Exxon Mobil during the 4th quarter worth $3,184,424,000. GQG Partners LLC lifted its position in Exxon Mobil by 21.8% during the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after acquiring an additional 5,807,202 shares during the last quarter. Renaissance Technologies LLC lifted its position in Exxon Mobil by 134.3% during the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock worth $386,314,000 after acquiring an additional 3,619,270 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 5.1% during the fourth 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 buying an additional 3,441,825 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after buying an additional 2,000,928 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the 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 sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,147 shares of company stock worth $698,858. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Trading Down 4.2 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. During the same period in the prior year, the business posted $1.10 earnings per share. Exxon Mobil’s revenue was up 70.8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 12.24 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 4.04%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday. Argus upped their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Piper Sandler raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $102.00 to $109.00 in a research report on Tuesday, July 19th. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Finally, Truist Financial lowered their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.40.
Exxon Mobil 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; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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