Coldstream Capital Management Inc. acquired a new position in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,220 shares of the oil and gas company’s stock, valued at approximately $11,054,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in Exxon Mobil by 14.9% during the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after acquiring an additional 17,521,080 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after acquiring an additional 19,230,872 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after acquiring an additional 560,517 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 12.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after acquiring an additional 3,094,957 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares during the period. 57.49% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on XOM shares. B. Riley increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Barclays raised their price target on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Truist Financial raised their price target on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Finally, Citigroup raised their price target on Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same period last year, the company earned $2.05 EPS. Exxon Mobil’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 10.08 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.65%. Exxon Mobil’s payout ratio is 27.45%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company’s stock.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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