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

Insight Inv LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,335 shares of the oil and gas company’s stock after buying an additional 3,754 shares during the period. Exxon Mobil makes up about 1.8% of Insight Inv LLC’s portfolio, making the stock its 15th largest position. Insight Inv LLC’s holdings in Exxon Mobil were worth $2,618,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stewardship Advisors LLC boosted its holdings in Exxon Mobil by 7.1% in the fourth quarter. Stewardship Advisors LLC now owns 3,017 shares of the oil and gas company’s stock worth $325,000 after acquiring an additional 200 shares in the last quarter. GSB Wealth Management LLC raised its position in shares of Exxon Mobil by 19.8% in the 4th quarter. GSB Wealth Management LLC now owns 22,165 shares of the oil and gas company’s stock valued at $2,384,000 after purchasing an additional 3,669 shares during the last quarter. Grimes & Company Inc. boosted its stake in Exxon Mobil by 10.0% in the 4th quarter. Grimes & Company Inc. now owns 77,627 shares of the oil and gas company’s stock worth $8,350,000 after purchasing an additional 7,072 shares in the last quarter. Lantz Financial LLC grew its position in Exxon Mobil by 3.2% during the 4th quarter. Lantz Financial LLC now owns 22,358 shares of the oil and gas company’s stock worth $2,405,000 after purchasing an additional 691 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Exxon Mobil by 16.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 20,066 shares of the oil and gas company’s stock valued at $2,158,000 after purchasing an additional 2,787 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $110.16 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The stock has a 50-day moving average of $111.56 and a 200 day moving average of $115.44. The stock has a market capitalization of $484.16 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.