Commonwealth Equity Services LLC Buys 118,387 Shares of Exxon Mobil Co. (NYSE:XOM)

Commonwealth Equity Services LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,505,021 shares of the oil and gas company’s stock after buying an additional 118,387 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of Exxon Mobil worth $250,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Coombe Bender & Co LLC lifted its stake in Exxon Mobil by 12.0% during the fourth quarter. Coombe Bender & Co LLC now owns 11,997 shares of the oil and gas company’s stock worth $1,200,000 after purchasing an additional 1,289 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of Exxon Mobil by 53.4% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 166,700 shares of the oil and gas company’s stock valued at $16,667,000 after acquiring an additional 58,000 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after acquiring an additional 11,216,602 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,070 shares of the oil and gas company’s stock valued at $3,006,000 after acquiring an additional 364 shares during the last quarter. Finally, Johnson Financial Group LLC raised its stake in shares of Exxon Mobil by 140.0% in the fourth quarter. Johnson Financial Group LLC now owns 27,740 shares of the oil and gas company’s stock valued at $2,773,000 after acquiring an additional 16,180 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on XOM shares. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. UBS Group lifted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Mizuho reiterated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, HSBC lifted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.06.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil 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 directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

XOM traded up $0.45 during trading on Thursday, reaching $116.48. 13,441,023 shares of the company’s stock were exchanged, compared to its average volume of 18,290,662. The company’s fifty day moving average price is $114.18 and its 200-day moving average price is $106.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market capitalization of $459.28 billion, a PE ratio of 14.28, a P/E/G ratio of 4.11 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the firm posted $2.83 EPS. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.6 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 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.