Ellenbecker Investment Group Has $991,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Ellenbecker Investment Group decreased its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,524 shares of the oil and gas company’s stock after selling 142 shares during the period. Ellenbecker Investment Group’s holdings in Exxon Mobil were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $5,519,753,000. Morgan Stanley raised its position in shares of Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after buying an additional 1,066,937 shares during the last quarter. Northern Trust Corp raised its position in shares of Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after buying an additional 576,078 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Exxon Mobil by 22.8% during the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after buying an additional 4,084,458 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Truist Financial reissued a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

View Our Latest Stock Analysis on Exxon Mobil

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 2.7 %

XOM traded up $2.95 during mid-day trading on Thursday, hitting $112.33. The stock had a trading volume of 10,342,945 shares, compared to its average volume of 18,037,854. The stock’s fifty day simple moving average is $116.09 and its 200-day simple moving average is $108.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market capitalization of $442.92 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.38%. Exxon Mobil’s payout ratio is 46.57%.

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.

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

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