Hirtle Callaghan & Co LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 7.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,171 shares of the oil and gas company’s stock after buying an additional 213 shares during the period. Hirtle Callaghan & Co LLC’s holdings in Exxon Mobil were worth $341,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank raised its holdings in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after acquiring an additional 641 shares during the period. Eagle Asset Management Inc. raised its holdings in Exxon Mobil by 3.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company’s stock valued at $7,446,000 after acquiring an additional 1,935 shares during the period. Algert Global LLC bought a new position in Exxon Mobil in the 3rd quarter valued at about $2,262,000. Finally, Truepoint Inc. raised its holdings in Exxon Mobil by 69.9% in the 3rd quarter. Truepoint Inc. now owns 6,833 shares of the oil and gas company’s stock valued at $801,000 after acquiring an additional 2,812 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company posted $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.43%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.
Wall Street Analyst Weigh In
XOM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.15.
Check Out Our Latest Stock Analysis on Exxon Mobil
About Exxon Mobil
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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