6,800 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by SCP Investment LP

SCP Investment LP bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,800 shares of the oil and gas company’s stock, valued at approximately $715,000. Exxon Mobil comprises approximately 0.7% of SCP Investment LP’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Money Concepts Capital Corp boosted its holdings in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after buying an additional 95 shares during the period. Defined Wealth Management LLC grew its position in shares of Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares in the last quarter. Crown Wealth Group LLC lifted its holdings in Exxon Mobil by 2.4% during the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 97 shares in the last quarter. Auxier Asset Management grew its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV increased its position in shares of Exxon Mobil by 2.0% during the third quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 98 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XOM shares. Scotiabank boosted their price objective 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. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. HSBC lifted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. UBS Group raised their price target on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

Exxon Mobil Trading Up 2.0 %

Shares of NYSE:XOM traded up $2.32 during trading on Thursday, reaching $118.47. 17,561,295 shares of the company traded hands, compared to its average volume of 18,813,258. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The firm has a market capitalization of $467.13 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 4.03 and a beta of 0.96. The business’s fifty day moving average is $115.38 and its 200-day moving average is $107.02.

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 (EPS) 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 firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.