SevenBridge Financial Group LLC Buys 3,646 Shares of Exxon Mobil Co. (NYSE:XOM)

SevenBridge Financial Group LLC boosted its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,746 shares of the oil and gas company’s stock after purchasing an additional 3,646 shares during the quarter. Exxon Mobil comprises about 1.2% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 21st largest holding. SevenBridge Financial Group LLC’s holdings in Exxon Mobil were worth $5,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KB Financial Partners LLC bought a new stake in Exxon Mobil in the first quarter valued at about $27,000. IMA Wealth Inc. increased its holdings in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $43,000. Turim 21 Investimentos Ltda. increased its holdings in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new stake in Exxon Mobil in the third quarter valued at about $49,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was 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 in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $119.32 on Wednesday. The firm has a market cap of $473.44 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The business’s 50 day moving average is $106.51 and its 200-day moving average is $105.88.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.40 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Piper Sandler decreased their target price 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. Finally, Mizuho boosted their target price on Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $128.47.

Check Out Our Latest Analysis on XOM

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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