Candriam S.C.A. Has $35.85 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Candriam S.C.A. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,261 shares of the oil and gas company’s stock after buying an additional 20,443 shares during the quarter. Candriam S.C.A.’s holdings in Exxon Mobil were worth $35,849,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.0 %

Shares of NYSE XOM opened at $107.52 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $466.54 billion, a PE ratio of 13.71, a P/E/G ratio of 3.02 and a beta of 0.89. The company’s fifty day simple moving average is $109.00 and its 200 day simple moving average is $113.94. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 period in the previous year, the company earned $2.48 earnings per share. As a group, sell-side analysts forecast 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 will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.68%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

Several brokerages have commented on XOM. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.