Exxon Mobil Co. (NYSE:XOM) Shares Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 61.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,122 shares of the oil and gas company’s stock after acquiring an additional 18,240 shares during the period. E Fund Management Co. Ltd.’s holdings in Exxon Mobil were worth $5,176,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth about $63,000. Falcon Wealth Planning increased its stake in Exxon Mobil by 6.6% during the third quarter. Falcon Wealth Planning now owns 2,982 shares of the oil and gas company’s stock worth $350,000 after purchasing an additional 185 shares during the period. Cornerstone Capital Inc. lifted its position in shares of Exxon Mobil by 4.0% during the third quarter. Cornerstone Capital Inc. now owns 5,880 shares of the oil and gas company’s stock worth $689,000 after purchasing an additional 228 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Exxon Mobil by 11.4% during the third quarter. North Star Investment Management Corp. now owns 66,477 shares of the oil and gas company’s stock worth $7,792,000 after purchasing an additional 6,795 shares in the last quarter. Finally, HF Advisory Group LLC boosted its stake in shares of Exxon Mobil by 8.5% in the third quarter. HF Advisory Group LLC now owns 18,256 shares of the oil and gas company’s stock valued at $2,140,000 after purchasing an additional 1,429 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Piper Sandler reduced 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. Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $107.52 on Friday. The company has a fifty day moving average of $109.00 and a two-hundred day moving average of $113.94. The company has a market capitalization of $466.54 billion, a PE ratio of 13.71, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm earned $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil’s payout ratio is 50.51%.

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.