6,252 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by May Hill Capital LLC

May Hill Capital LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,252 shares of the oil and gas company’s stock, valued at approximately $673,000.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after acquiring an additional 521,932 shares in the last quarter. United Bank lifted its holdings in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares during the last quarter. Tradition Wealth Management LLC boosted its position in Exxon Mobil by 3.3% during the third quarter. Tradition Wealth Management LLC now owns 11,384 shares of the oil and gas company’s stock worth $1,334,000 after purchasing an additional 362 shares during the period. Erste Asset Management GmbH acquired a new position in Exxon Mobil during the third quarter valued at approximately $5,536,000. Finally, Benjamin Edwards Inc. raised its position in shares of Exxon Mobil by 1,494.3% in the third quarter. Benjamin Edwards Inc. now owns 492,735 shares of the oil and gas company’s stock valued at $57,764,000 after purchasing an additional 461,828 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $119.09 on Tuesday. The stock’s fifty day simple moving average is $110.87 and its 200 day simple moving average is $113.80. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The firm has a market cap of $516.73 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 3.02 and a beta of 0.83. 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 posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business posted $2.48 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.05.

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.