Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,478 shares of the oil and gas company’s stock after acquiring an additional 725 shares during the quarter. Redmond Asset Management LLC’s holdings in Exxon Mobil were worth $804,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $348,000. Bank of Stockton raised its stake in Exxon Mobil by 108.1% during the 3rd quarter. Bank of Stockton now owns 22,320 shares of the oil and gas company’s stock valued at $2,616,000 after purchasing an additional 11,596 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in shares of Exxon Mobil by 1.0% in the third quarter. Sigma Investment Counselors Inc. now owns 52,972 shares of the oil and gas company’s stock valued at $6,209,000 after purchasing an additional 528 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of Exxon Mobil by 3.5% during the third quarter. Joel Isaacson & Co. LLC now owns 69,825 shares of the oil and gas company’s stock valued at $8,185,000 after buying an additional 2,364 shares in the last quarter. Finally, Burford Brothers Inc. raised its position in Exxon Mobil by 1.8% during the third quarter. Burford Brothers Inc. now owns 40,494 shares of the oil and gas company’s stock valued at $4,747,000 after buying an additional 727 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $111.18 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $108.65 and a 200-day simple moving average of $114.44. The stock has a market capitalization of $482.42 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $103.05 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler dropped 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. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.