Exxon Mobil Co. (NYSE:XOM) Shares Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,962 shares of the oil and gas company’s stock after purchasing an additional 3,101 shares during the period. Grandfield & Dodd LLC’s holdings in Exxon Mobil were worth $10,794,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Planning Directions Inc. boosted its stake in shares of Exxon Mobil by 6.6% during the 4th quarter. Planning Directions Inc. now owns 5,666 shares of the oil and gas company’s stock worth $566,000 after purchasing an additional 351 shares during the last quarter. abrdn plc boosted its stake in shares of Exxon Mobil by 58.1% during the 4th quarter. abrdn plc now owns 1,970,583 shares of the oil and gas company’s stock worth $197,019,000 after purchasing an additional 724,539 shares during the last quarter. Dupree Financial Group LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $378,000. Ipswich Investment Management Co. Inc. boosted its position in shares of Exxon Mobil by 0.7% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 105,615 shares of the oil and gas company’s stock worth $10,559,000 after acquiring an additional 772 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its position in shares of Exxon Mobil by 0.8% in the fourth quarter. Hunter Associates Investment Management LLC now owns 50,903 shares of the oil and gas company’s stock worth $5,078,000 after acquiring an additional 394 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen raised their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Up 1.1 %

XOM opened at $119.88 on Monday. 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 firm’s 50 day moving average is $111.55 and its 200-day moving average is $106.23. The firm has a market capitalization of $474.52 billion, a P/E ratio of 13.48, a P/E/G ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.40 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil 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.