Parthenon LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Parthenon LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 187,183 shares of the oil and gas company’s stock after buying an additional 698 shares during the period. Exxon Mobil comprises 2.6% of Parthenon LLC’s holdings, making the stock its 10th biggest position. Parthenon LLC’s holdings in Exxon Mobil were worth $18,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Orion Capital Management LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at about $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at about $92,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the 4th quarter valued at about $80,000. Sumitomo Mitsui Financial Group Inc. lifted its holdings in Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 525 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

XOM traded down $0.25 during trading on Wednesday, hitting $118.02. The stock had a trading volume of 2,554,248 shares, compared to its average volume of 18,042,422. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company’s 50-day moving average price is $113.96 and its 200 day moving average price is $106.79. The firm has a market capitalization of $467.15 billion, a P/E ratio of 14.49, a PEG ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.83 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.62 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Mizuho restated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen boosted 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. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.56.

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.