Berkshire Asset Management LLC PA grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,968 shares of the oil and gas company’s stock after buying an additional 237 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Exxon Mobil were worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $27,000. KB Financial Partners LLC purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $27,000. Corrado Advisors LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $28,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. UBS Group increased their price target on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Truist Financial decreased their price target on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Finally, HSBC raised their price target on Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.43.
Exxon Mobil Trading Down 0.9 %
NYSE XOM opened at $116.44 on Thursday. The firm’s fifty day moving average is $107.87 and its two-hundred day moving average is $108.34. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market cap of $466.13 billion, a PE ratio of 9.32, a P/E/G ratio of 0.60 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. During the same quarter last year, the firm earned $4.14 EPS. The business’s revenue was down 28.3% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 8.94 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey W. Ubben acquired 458,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.
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.
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