International Assets Investment Management LLC Buys 1,539 Shares of Exxon Mobil Co. (NYSE:XOM)

International Assets Investment Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,187 shares of the oil and gas company’s stock after purchasing an additional 1,539 shares during the quarter. International Assets Investment Management LLC’s holdings in Exxon Mobil were worth $4,918,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XOM. FMR LLC boosted its holdings in 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. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the third quarter valued at approximately $295,515,000. Canada Pension Plan Investment Board grew its position in Exxon Mobil by 21,620,510.0% during the third quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after buying an additional 2,162,051 shares in the last quarter. Comerica Bank bought a new position in Exxon Mobil during the 3rd quarter worth $170,456,000. Finally, California Public Employees Retirement System raised its holdings in Exxon Mobil by 15.8% in the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after acquiring an additional 1,252,505 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. HSBC raised their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, UBS Group raised their target price on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.18.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred 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 completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 0.0 %

NYSE:XOM opened at $116.15 on Thursday. The firm’s 50 day simple moving average is $115.15 and its 200 day simple moving average is $106.95. The company has a market cap of $457.98 billion, a PE ratio of 14.23, a P/E/G ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Exxon Mobil 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.