D.A. Davidson & CO. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

D.A. Davidson & CO. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 359,884 shares of the oil and gas company’s stock after buying an additional 1,079 shares during the period. D.A. Davidson & CO.’s holdings in Exxon Mobil were worth $38,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Exxon Mobil by 100,169.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock worth $110,718,458,000 after buying an additional 1,031,310,373 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock worth $5,218,954,000 after purchasing an additional 6,580,247 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Exxon Mobil by 188.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock valued at $327,573,000 after buying an additional 5,711,599 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Thursday, October 12th. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. UBS Group reduced their target price on Exxon Mobil from $143.00 to $142.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Truist Financial raised Exxon Mobil from a “hold” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $131.00 in a research report on Thursday, October 12th. Finally, Jefferies Financial Group upped their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Down 0.2 %

NYSE:XOM traded down $0.17 during mid-day trading on Tuesday, hitting $104.33. The stock had a trading volume of 4,424,459 shares, compared to its average volume of 16,888,361. The company has a current ratio of 1.42, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a twelve month low of $98.02 and a twelve month high of $120.70. The company has a market capitalization of $413.45 billion, a PE ratio of 10.38, a PEG ratio of 3.72 and a beta of 1.07. The stock has a 50-day simple moving average of $110.40 and a two-hundred day simple moving average of $108.04.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The firm had revenue of $90.76 billion for the quarter, compared to analyst estimates of $93.41 billion. During the same quarter in the previous year, the firm posted $4.45 EPS. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.3 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. Exxon Mobil’s dividend payout ratio (DPR) is 37.74%.

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben purchased 250,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $105.97 per share, for a total transaction of $26,492,500.00. Following the completion of the purchase, the director now directly owns 2,077,000 shares of the company’s stock, valued at approximately $220,099,690. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jeffrey W. Ubben bought 250,000 shares of Exxon Mobil stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the acquisition, the director now owns 2,077,000 shares of the company’s stock, valued at $220,099,690. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

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.