Exxon Mobil Co. (NYSE:XOM) is First Eagle Investment Management LLC’s 4th Largest Position

First Eagle Investment Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,192,581 shares of the oil and gas company’s stock after selling 137,880 shares during the quarter. Exxon Mobil accounts for about 4.0% of First Eagle Investment Management LLC’s holdings, making the stock its 4th biggest holding. First Eagle Investment Management LLC owned approximately 0.33% of Exxon Mobil worth $1,551,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in XOM. Axiom Financial Strategies LLC increased its stake in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new position in Exxon Mobil during the 1st quarter valued at $275,000. Loomis Sayles & Co. L P increased its position in Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC increased its position in Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in Exxon Mobil during the 1st quarter valued at $237,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Jefferies Financial Group upped their price target on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Tuesday, January 23rd. Finally, Truist Financial raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and upped their price target for the company from $110.00 to $131.00 in a research report on Thursday, October 12th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $127.53.

Read Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Up 0.7 %

Shares of XOM opened at $102.25 on Wednesday. The company has a market cap of $405.21 billion, a PE ratio of 11.50, a P/E/G ratio of 3.64 and a beta of 0.97. The business has a fifty day moving average of $100.75 and a 200 day moving average of $106.42. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the company earned $3.40 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.31 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.72%. Exxon Mobil’s payout ratio is 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the sale, the vice president now owns 220,678 shares in the company, valued at $22,652,596.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Leonard M. Fox sold 12,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the transaction, the vice president now owns 220,678 shares in the company, valued at $22,652,596.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total value of $216,132,620.00. Following the transaction, the director now owns 13,000 shares in the company, valued at approximately $1,352,780. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

About Exxon Mobil

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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