Fractal Investments LLC Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Fractal Investments LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 31.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,700 shares of the oil and gas company’s stock after buying an additional 1,600 shares during the quarter. Fractal Investments LLC’s holdings in Exxon Mobil were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Naples Global Advisors LLC increased its stake in shares of Exxon Mobil by 2.5% in the 3rd quarter. Naples Global Advisors LLC now owns 73,381 shares of the oil and gas company’s stock worth $8,628,000 after purchasing an additional 1,808 shares in the last quarter. Well Done LLC boosted its holdings in Exxon Mobil by 0.8% in the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after buying an additional 97 shares during the period. Clarus Group Inc. boosted its holdings in Exxon Mobil by 2.7% in the 3rd quarter. Clarus Group Inc. now owns 97,809 shares of the oil and gas company’s stock worth $11,500,000 after buying an additional 2,613 shares during the period. Exeter Financial LLC boosted its holdings in Exxon Mobil by 1.5% in the 3rd quarter. Exeter Financial LLC now owns 20,131 shares of the oil and gas company’s stock worth $2,367,000 after buying an additional 303 shares during the period. Finally, Viking Fund Management LLC boosted its holdings in Exxon Mobil by 7.0% in the 3rd quarter. Viking Fund Management LLC now owns 107,000 shares of the oil and gas company’s stock worth $12,581,000 after buying an additional 7,000 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Mizuho reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Eight research 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 a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Price Performance

XOM traded down $3.86 during midday trading on Friday, reaching $117.47. 4,820,413 shares of the company’s stock were exchanged, compared to its average volume of 17,913,637. The stock has a market capitalization of $464.98 billion, a PE ratio of 13.65, a P/E/G ratio of 4.16 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business’s 50-day moving average price is $113.04 and its 200 day moving average price is $106.62.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.83 earnings per share. As a group, equities 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 given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.