Sierra Capital LLC Has $2.53 Million Position in Exxon Mobil Co. (NYSE:XOM)

Sierra Capital LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,331 shares of the oil and gas company’s stock after selling 127 shares during the quarter. Sierra Capital LLC’s holdings in Exxon Mobil were worth $2,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. FMR LLC lifted its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 140,855.3% in 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 purchasing an additional 123,254,064 shares during the period. Morgan Stanley lifted its stake in shares of Exxon Mobil by 2.0% in the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $5,226,390,000. Finally, Northern Trust Corp lifted its stake in shares of Exxon Mobil by 1.3% in the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after purchasing an additional 576,078 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $118.69 on Wednesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. 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 business’s 50 day simple moving average is $110.57 and its 200 day simple moving average is $106.13. The company has a market cap of $469.81 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.15 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion for 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%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.40 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Piper Sandler dropped their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Finally, Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.44.

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.