QV Investors Inc. Reduces Position in Exxon Mobil Co. (NYSE:XOM)

QV Investors Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,961 shares of the oil and gas company’s stock after selling 1,170 shares during the quarter. QV Investors Inc.’s holdings in Exxon Mobil were worth $4,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of XOM. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth $27,000. IMA Wealth Inc. lifted its stake in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $43,000. Turim 21 Investimentos Ltda. lifted its stake in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho restated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Piper Sandler lowered their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.82.

Insider Activity at Exxon Mobil

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 transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $120.55 on Tuesday. The company’s 50-day moving average price is $108.40 and its 200-day moving average price is $106.00. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $122.15. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market cap of $478.32 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.31 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its 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 for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the firm posted $3.40 EPS. The business’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.38 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.15%. Exxon Mobil’s payout ratio is 42.74%.

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.