Matrix Trust Co Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Matrix Trust Co grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,578 shares of the oil and gas company’s stock after acquiring an additional 5,762 shares during the quarter. Exxon Mobil accounts for approximately 0.5% of Matrix Trust Co’s holdings, making the stock its 26th largest holding. Matrix Trust Co’s holdings in Exxon Mobil were worth $1,957,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. FMR LLC increased its holdings in shares of Exxon Mobil by 3.0% in the third 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. Morgan Stanley lifted its stake in Exxon Mobil by 2.0% during 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 acquiring an additional 1,066,937 shares during the period. Northern Trust Corp boosted its holdings 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 acquiring an additional 576,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after acquiring an additional 132,196 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Exxon Mobil by 15.8% during the third quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock worth $1,081,395,000 after purchasing an additional 1,252,505 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.8 %

Shares of NYSE XOM traded down $3.37 during mid-day trading on Friday, reaching $117.96. 27,289,468 shares of the company’s stock were exchanged, compared to its average volume of 16,002,832. The company’s 50-day moving average is $113.33 and its 200-day moving average is $106.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market capitalization of $466.92 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 EPS. Analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. TD Cowen increased their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Truist Financial increased their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company upped their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s 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 sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.