Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Oakworth Capital Inc.

Oakworth Capital Inc. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,730 shares of the oil and gas company’s stock after acquiring an additional 731 shares during the quarter. Oakworth Capital Inc.’s holdings in Exxon Mobil were worth $2,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Axiom Financial Strategies LLC increased its stake in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new stake in Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P boosted its holdings in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares in the last quarter. Ergoteles LLC boosted its holdings in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in Exxon Mobil during the first quarter worth about $237,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $119.90 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $474.60 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 4.07 and a beta of 0.96. The company’s 50 day simple moving average is $111.55 and its 200 day simple moving average is $106.33. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.40 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors 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 3.17%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.