Royal London Asset Management Ltd. Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Royal London Asset Management Ltd. grew its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,756,235 shares of the oil and gas company’s stock after acquiring an additional 40,630 shares during the period. Royal London Asset Management Ltd.’s holdings in Exxon Mobil were worth $175,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth $15,527,000. Nordea Investment Management AB increased its stake in Exxon Mobil by 0.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,052,745 shares of the oil and gas company’s stock worth $123,434,000 after buying an additional 5,781 shares in the last quarter. Sargent Investment Group LLC raised its stake in Exxon Mobil by 33.3% during the 3rd quarter. Sargent Investment Group LLC now owns 23,189 shares of the oil and gas company’s stock valued at $2,727,000 after purchasing an additional 5,796 shares during the period. Pearl River Capital LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $2,268,000. Finally, WestHill Financial Advisors Inc. lifted its stake in Exxon Mobil by 3.1% in the 3rd quarter. WestHill Financial Advisors Inc. now owns 4,149 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial restated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. UBS Group boosted their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Mizuho boosted their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.71.

View Our Latest Report on Exxon Mobil

Exxon Mobil Trading Down 0.8 %

XOM traded down $0.93 on Friday, reaching $109.11. 13,313,430 shares of the company traded hands, compared to its average volume of 14,746,104. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $430.22 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. The firm has a fifty day simple moving average of $116.83 and a two-hundred day simple moving average of $108.83. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the business earned $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.

Further Reading

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.