Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,336 shares of the oil and gas company’s stock after purchasing an additional 2,671 shares during the period. Pallas Capital Advisors LLC’s holdings in Exxon Mobil were worth $3,533,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Coerente Capital Management raised its position in shares of Exxon Mobil by 18.8% during the 4th quarter. Coerente Capital Management now owns 9,802 shares of the oil and gas company’s stock worth $980,000 after purchasing an additional 1,550 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of Exxon Mobil by 1.5% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 154,077 shares of the oil and gas company’s stock worth $15,405,000 after purchasing an additional 2,348 shares during the last quarter. Chicago Capital LLC raised its holdings in Exxon Mobil by 0.3% in the 4th quarter. Chicago Capital LLC now owns 304,426 shares of the oil and gas company’s stock valued at $30,437,000 after acquiring an additional 908 shares during the last quarter. Clarus Wealth Advisors acquired a new position in Exxon Mobil in the 4th quarter valued at $211,000. Finally, Secure Asset Management LLC raised its holdings in Exxon Mobil by 2.3% in the 4th quarter. Secure Asset Management LLC now owns 29,712 shares of the oil and gas company’s stock valued at $2,971,000 after acquiring an additional 658 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.0 %

Shares of Exxon Mobil stock opened at $119.32 on Wednesday. The company has a fifty day moving average price of $106.51 and a 200 day moving average price of $105.88. 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 Co. has a twelve month low of $95.77 and a twelve month high of $120.70. The stock has a market cap of $473.44 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the company earned $3.40 EPS. The firm’s revenue was down 11.6% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. Exxon Mobil’s payout ratio is currently 42.74%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Piper Sandler cut their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. TD Cowen boosted their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Finally, UBS Group cut their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.47.

Read Our Latest Stock Report on Exxon Mobil

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’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 $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

(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.

See Also

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

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