Main Street Research LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Main Street Research LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,915 shares of the oil and gas company’s stock after buying an additional 7,017 shares during the period. Main Street Research LLC’s holdings in Exxon Mobil were worth $26,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the third quarter valued at about $51,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $47,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Scotiabank lowered their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” 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 given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Price Performance

NYSE:XOM opened at $109.05 on Monday. The firm has a market cap of $473.20 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock has a 50 day moving average of $109.05 and a two-hundred day moving average of $113.87. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month 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 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business earned $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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Transactions at Exxon Mobil

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

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.