Fisher Asset Management LLC Acquires 11,216,602 Shares of Exxon Mobil Co. (NYSE:XOM)

Fisher Asset Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 566.2% during the fourth quarter, Holdings Channel reports. The fund owned 13,197,713 shares of the oil and gas company’s stock after buying an additional 11,216,602 shares during the period. Fisher Asset Management LLC’s holdings in Exxon Mobil were worth $1,319,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 10,221.0% during the 4th 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 buying an additional 4,870,115 shares during the last quarter. FMR LLC grew its stake in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth $295,515,000. Canada Pension Plan Investment Board boosted its holdings in shares of Exxon Mobil by 21,620,510.0% in the third quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after acquiring an additional 2,162,051 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Exxon Mobil by 650.5% in the fourth quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock valued at $186,452,000 after purchasing an additional 1,616,417 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s 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 SEC, which is accessible through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s 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 completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’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 transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Up 0.1 %

Exxon Mobil stock traded up $0.17 during mid-day trading on Thursday, hitting $116.20. The company’s stock had a trading volume of 10,454,065 shares, compared to its average volume of 18,247,703. The stock has a market cap of $458.18 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96. The business has a 50 day moving average price of $114.18 and a 200-day moving average price of $106.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results 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). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.83 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 9.6 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Truist Financial increased their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Piper Sandler raised their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

Read Our Latest Stock Analysis on Exxon Mobil

About Exxon Mobil

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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