Citizens Financial Group Inc. RI Acquires 18,959 Shares of Exxon Mobil Co. (NYSE:XOM)

Citizens Financial Group Inc. RI increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,478 shares of the oil and gas company’s stock after buying an additional 18,959 shares during the period. Exxon Mobil comprises approximately 1.0% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 21st biggest holding. Citizens Financial Group Inc. RI’s holdings in Exxon Mobil were worth $28,342,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XOM. Atlas Brown Inc. grew its holdings in Exxon Mobil by 0.3% in the third quarter. Atlas Brown Inc. now owns 43,363 shares of the oil and gas company’s stock worth $5,099,000 after purchasing an additional 144 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Exxon Mobil by 95.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 23,035 shares of the oil and gas company’s stock worth $2,708,000 after purchasing an additional 11,276 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Exxon Mobil by 2.7% in the third quarter. Avior Wealth Management LLC now owns 47,576 shares of the oil and gas company’s stock worth $5,594,000 after purchasing an additional 1,238 shares during the last quarter. Founders Financial Securities LLC grew its holdings in Exxon Mobil by 3.7% in the third quarter. Founders Financial Securities LLC now owns 22,931 shares of the oil and gas company’s stock worth $2,696,000 after purchasing an additional 817 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Exxon Mobil by 5.2% in the third quarter. SJS Investment Consulting Inc. now owns 6,674 shares of the oil and gas company’s stock worth $785,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $252,000.00. Following the completion of the transaction, 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 can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $3.37 during trading hours on Friday, reaching $117.96. The stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The stock’s 50 day moving average is $113.33 and its 200 day moving average is $106.67. The firm has a market capitalization of $466.92 billion, a PE ratio of 13.27, a PEG ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $2.83 EPS. Equities analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. TD Cowen boosted their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. UBS Group boosted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Eight 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 price target of $132.28.

Exxon Mobil Company 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.