11,395 Shares in Exxon Mobil Corporation $XOM Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,395 shares of the oil and gas company’s stock, valued at approximately $1,285,000.

Several other hedge funds also recently modified their holdings of XOM. Eagle Capital Management LLC boosted its holdings in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Algert Global LLC lifted its position in Exxon Mobil by 8.9% during the first quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company’s stock worth $2,767,000 after buying an additional 1,895 shares during the period. JT Stratford LLC boosted its stake in Exxon Mobil by 9.5% in the 1st quarter. JT Stratford LLC now owns 5,603 shares of the oil and gas company’s stock worth $666,000 after buying an additional 485 shares during the last quarter. Erste Asset Management GmbH grew its holdings in Exxon Mobil by 62.2% in the 1st quarter. Erste Asset Management GmbH now owns 36,650 shares of the oil and gas company’s stock valued at $4,315,000 after buying an additional 14,055 shares during the period. Finally, Frisch Financial Group Inc. increased its stake in shares of Exxon Mobil by 12.6% during the 1st quarter. Frisch Financial Group Inc. now owns 11,777 shares of the oil and gas company’s stock valued at $1,401,000 after acquiring an additional 1,320 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Piper Sandler lifted their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Finally, Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $118.75, for a total transaction of $356,250.00. Following the sale, the vice president directly owned 31,584 shares in the company, valued at approximately $3,750,600. This trade represents a 8.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.28 on Thursday. The firm has a fifty day moving average of $115.74 and a 200-day moving average of $112.52. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $494.57 billion, a P/E ratio of 17.05, a PEG ratio of 7.24 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion during the quarter. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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.