5,844 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Next Capital Management LLC

Next Capital Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,844 shares of the oil and gas company’s stock, valued at approximately $629,000.

Several other large investors also recently made changes to their positions in XOM. Vertex Planning Partners LLC lifted its stake in shares of Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. Longfellow Investment Management Co. LLC lifted its position in Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 88 shares during the last quarter. West Oak Capital LLC boosted its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after acquiring an additional 92 shares during the period. Beacon Capital Management LLC increased its stake in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 93 shares during the period. Finally, Cadent Capital Advisors LLC boosted its stake in Exxon Mobil by 0.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock valued at $4,020,000 after purchasing an additional 94 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, UBS Group reduced their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Down 0.1 %

XOM opened at $113.61 on Wednesday. The firm has a market capitalization of $492.95 billion, a P/E ratio of 14.49, a price-to-earnings-growth 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. The company has a fifty day moving average price of $109.56 and a 200-day moving average price of $113.57. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the company earned $2.48 earnings per share. Equities research 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 declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.