Leo Wealth LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 41,215 shares of the oil and gas company's stock, valued at approximately $4,291,000.
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Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Exxon Mobil by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company's stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Norges Bank bought a new position in Exxon Mobil during the fourth quarter valued at approximately $5,519,753,000. Morgan Stanley lifted its stake in Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company's stock valued at $6,329,099,000 after acquiring an additional 1,066,937 shares during the last quarter. Northern Trust Corp grew its position in Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company's stock worth $5,137,865,000 after acquiring an additional 576,078 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company's stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, May 13th. Morgan Stanley restated an "overweight" rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an "overweight" rating in a research report on Tuesday, April 30th. Finally, Truist Financial reaffirmed a "hold" rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $133.71.
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View Our Latest Stock Report on XOM
Exxon Mobil Stock Down 0.7 %
Shares of NYSE:XOM opened at $108.37 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of $427.30 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 3.89 and a beta of 0.92. The company has a 50 day moving average of $116.59 and a 200-day moving average of $108.92. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.
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Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results 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 period last year, the company earned $2.83 EPS. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.36 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.51%. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,426 shares of the firm's stock in a transaction 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 sale, the vice president now owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% 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.
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