Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Syon Capital LLC

Syon Capital LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,367 shares of the oil and gas company’s stock after buying an additional 10,329 shares during the quarter. Exxon Mobil accounts for about 0.6% of Syon Capital LLC’s investment portfolio, making the stock its 29th largest position. Syon Capital LLC’s holdings in Exxon Mobil were worth $6,935,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Kesler Norman & Wride LLC grew its position in Exxon Mobil by 76.3% during the 3rd quarter. Kesler Norman & Wride LLC now owns 3,344 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 1,447 shares in the last quarter. Financial Engines Advisors L.L.C. grew its position in Exxon Mobil by 12.1% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 12,719 shares of the oil and gas company’s stock worth $1,495,000 after purchasing an additional 1,375 shares in the last quarter. Phoenix Holdings Ltd. grew its position in Exxon Mobil by 41.9% during the 3rd quarter. Phoenix Holdings Ltd. now owns 31,672 shares of the oil and gas company’s stock worth $3,751,000 after purchasing an additional 9,349 shares in the last quarter. GWM Asset Management Ltd purchased a new position in Exxon Mobil during the 3rd quarter worth approximately $3,951,000. Finally, QRG Capital Management Inc. purchased a new position in Exxon Mobil during the 3rd quarter worth approximately $89,067,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the company’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 transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. TD Cowen lifted 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, April 30th. Piper Sandler lifted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. HSBC lifted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Mizuho lifted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil Price Performance

NYSE XOM traded down $0.93 on Friday, reaching $109.11. The company’s stock had a trading volume of 13,313,430 shares, compared to its average volume of 14,746,104. The firm has a market cap of $430.22 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. The business has a 50-day moving average price of $116.83 and a 200 day moving average price of $108.80. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.48%. Exxon Mobil’s dividend payout ratio is 46.57%.

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.