Exxon Mobil Corporation $XOM Stock Holdings Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,536,634 shares of the oil and gas company’s stock after acquiring an additional 179,454 shares during the quarter. Exxon Mobil makes up about 0.6% of Thrivent Financial for Lutherans’ holdings, making the stock its 23rd biggest holding. Thrivent Financial for Lutherans owned 0.06% of Exxon Mobil worth $286,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nexus Investment Management ULC lifted its stake in Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after acquiring an additional 89 shares in the last quarter. Sagace Wealth Management LLC increased its holdings in shares of Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after purchasing an additional 90 shares during the period. Creative Capital Management Investments LLC lifted its position in shares of Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 91 shares in the last quarter. Capstone Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 3.8% during the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 92 shares during the period. Finally, Cascade Investment Group Inc. grew its position in Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 93 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Sanford C. Bernstein cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Bank of America boosted their target price on Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, TD Cowen reiterated a “buy” rating on shares of Exxon Mobil in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.93.

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More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Stock Up 0.7%

Shares of XOM stock opened at $141.43 on Friday. The stock’s 50 day simple moving average is $122.80 and its 200 day simple moving average is $116.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $142.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $596.43 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 14.84 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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