Harvest Portfolios Group Inc. Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Harvest Portfolios Group Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,540 shares of the oil and gas company’s stock after purchasing an additional 3,152 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Exxon Mobil were worth $1,704,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Axiom Financial Strategies LLC lifted its position in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $275,000. Loomis Sayles & Co. L P lifted its position in shares of Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares during the period. Ergoteles LLC lifted its position in shares of Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $237,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Trading Down 0.9 %

Shares of NYSE:XOM opened at $116.44 on Thursday. The company has a 50 day moving average price of $107.87 and a 200 day moving average price of $108.34. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a market capitalization of $466.13 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.60 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The firm’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.14 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Wednesday, July 19th. Mizuho lifted their target price on shares of Exxon Mobil from $130.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Truist Financial reduced their target price on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares in the company, valued at $174,830,550. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

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.