799,840 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Cornell University

Cornell University purchased a new position in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 799,840 shares of the oil and gas company’s stock, valued at approximately $79,984,000. Exxon Mobil comprises 68.3% of Cornell University’s holdings, making the stock its largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Morgan Stanley boosted its stake in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Northern Trust Corp boosted its stake in Exxon Mobil by 1.3% during the 3rd 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 purchasing an additional 576,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Exxon Mobil by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after purchasing an additional 132,196 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Exxon Mobil by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after purchasing an additional 1,252,505 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Truist Financial increased their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, TD Cowen raised their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Trading Up 0.4 %

Shares of Exxon Mobil stock opened at $121.05 on Wednesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The business has a 50-day moving average price of $112.29 and a 200-day moving average price of $106.41. The firm has a market cap of $479.15 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the business earned $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend 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.