Orion Portfolio Solutions LLC Has $29.37 Million Position in Exxon Mobil Co. (NYSE:XOM)

Orion Portfolio Solutions LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 272,991 shares of the oil and gas company’s stock after buying an additional 37,989 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Exxon Mobil were worth $29,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Nomura Asset Management Co. Ltd. raised its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,125,575 shares of the oil and gas company’s stock worth $228,648,000 after acquiring an additional 11,860 shares in the last quarter. Broadway Wealth Solutions Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $765,000. Boussard & Gavaudan Investment Management LLP acquired a new position in Exxon Mobil in the fourth quarter worth approximately $1,849,000. New Age Alpha Advisors LLC lifted its stake in Exxon Mobil by 140,292.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 178,298 shares of the oil and gas company’s stock valued at $19,180,000 after acquiring an additional 178,171 shares during the last quarter. Finally, Norges Bank bought a new stake in Exxon Mobil in the fourth quarter worth approximately $6,936,737,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $117.94 on Friday. The company’s 50-day moving average is $110.63 and its two-hundred day moving average is $113.67. The company has a market cap of $511.75 billion, a PE ratio of 15.04, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

Several equities analysts have commented on the company. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Bernstein Bank upped their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.05.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred 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 owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Company 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.