Successful Portfolios LLC Has $933,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Successful Portfolios LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,334 shares of the oil and gas company’s stock after buying an additional 317 shares during the quarter. Successful Portfolios LLC’s holdings in Exxon Mobil were worth $933,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in Exxon Mobil by 83.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after acquiring an additional 575,649 shares in the last quarter. Qsemble Capital Management LP raised its stake in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 1,200 shares in the last quarter. RNC Capital Management LLC lifted its position in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the period. Meyer Handelman Co. boosted its stake in Exxon Mobil by 5.9% during the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock worth $45,971,000 after buying an additional 21,895 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in Exxon Mobil by 36.0% in the 3rd quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock valued at $10,276,000 after buying an additional 23,148 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Tuesday, January 23rd. UBS Group dropped their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. Finally, Piper Sandler dropped their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.18.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Up 1.1 %

Shares of NYSE XOM opened at $116.24 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The firm’s 50-day moving average is $105.34 and its 200-day moving average is $105.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $461.22 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $3.40 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

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.