Exxon Mobil Co. (NYSE:XOM) Position Increased by NTV Asset Management LLC

NTV Asset Management LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,455 shares of the oil and gas company’s stock after buying an additional 949 shares during the quarter. Exxon Mobil comprises approximately 1.2% of NTV Asset Management LLC’s holdings, making the stock its 18th largest position. NTV Asset Management LLC’s holdings in Exxon Mobil were worth $6,944,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in Exxon Mobil by 566.2% during the 4th 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 in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after purchasing an additional 4,870,115 shares during the period. FMR LLC raised its stake in shares of Exxon Mobil by 3.0% during 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 in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Exxon Mobil in the third quarter worth about $295,515,000. Finally, Canada Pension Plan Investment Board grew its position in Exxon Mobil by 21,620,510.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock valued at $254,215,000 after buying an additional 2,162,051 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

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 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 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 through this hyperlink. In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated 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 owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the business’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 value 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 disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on XOM shares. UBS Group boosted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

Exxon Mobil Stock Down 0.2 %

NYSE:XOM traded down $0.24 on Friday, hitting $116.00. 28,023,313 shares of the company’s stock traded hands, compared to its average volume of 18,518,412. The firm has a 50-day moving average price of $114.65 and a 200-day moving average price of $106.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market cap of $457.39 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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). 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 prior year, the company posted $2.83 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 9.61 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. Stockholders 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 dividend yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) 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.