Los Angeles Capital Management LLC Purchases 270,159 Shares of Exxon Mobil Co. (NYSE:XOM)

Los Angeles Capital Management LLC raised its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,344,860 shares of the oil and gas company’s stock after buying an additional 270,159 shares during the quarter. Exxon Mobil comprises about 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 26th largest position. Los Angeles Capital Management LLC owned about 0.06% of Exxon Mobil worth $193,662,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after purchasing an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after purchasing an additional 3,441,825 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $3,184,424,000. GQG Partners LLC boosted its stake in shares of Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after purchasing an additional 5,807,202 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock valued at $1,873,632,000 after purchasing an additional 164,733 shares in the last quarter. 54.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $88.45 on Friday. The company has a fifty day moving average of $90.93 and a 200-day moving average of $85.91. The firm has a market capitalization of $372.60 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.31 and a beta of 1.09. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. Exxon Mobil’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 12.35 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.98%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XOM shares. Morgan Stanley cut their target price on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Truist Financial cut their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Argus lifted their target price on shares of Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Bank of America lifted their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $96.40.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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