Arvest Investments Inc. Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Arvest Investments Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 23,423 shares of the oil and gas company’s stock, valued at approximately $2,342,000.

A number of other large investors have also modified their holdings of the company. Axiom Financial Strategies LLC lifted its stake 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 buying an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new position in Exxon Mobil in the first quarter valued at about $275,000. Loomis Sayles & Co. L P lifted its stake in Exxon Mobil by 318.8% in the first 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 buying an additional 13,065 shares during the period. Ergoteles LLC lifted its stake in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $237,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday. UBS Group dropped their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Truist Financial raised their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen raised their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.82.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Exxon Mobil Stock Up 1.4 %

NYSE:XOM opened at $121.37 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 has a market capitalization of $481.58 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $122.15. The stock’s 50 day moving average price is $108.06 and its two-hundred day moving average price is $105.96.

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. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.40 EPS. Equities research analysts expect that Exxon Mobil Co. will post 9.38 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

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.