Sciencast Management LP Invests $3.04 Million in Exxon Mobil Co. (NYSE:XOM)

Sciencast Management LP bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 28,299 shares of the oil and gas company’s stock, valued at approximately $3,044,000. Exxon Mobil comprises 0.8% of Sciencast Management LP’s holdings, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. ZEGA Investments LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $8,650,000. Summit Global Investments raised its stake in Exxon Mobil by 50.2% during the 4th quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company’s stock worth $926,000 after buying an additional 2,876 shares during the period. Millstone Evans Group LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $695,000. Washington Trust Bank grew its stake in Exxon Mobil by 0.4% in the fourth quarter. Washington Trust Bank now owns 75,860 shares of the oil and gas company’s stock valued at $8,160,000 after acquiring an additional 285 shares during the period. Finally, Mindset Wealth Management LLC increased its holdings in shares of Exxon Mobil by 213.1% during the fourth quarter. Mindset Wealth Management LLC now owns 10,741 shares of the oil and gas company’s stock valued at $1,155,000 after acquiring an additional 7,311 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.30 on Friday. 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 stock has a fifty day simple moving average of $110.09 and a two-hundred day simple moving average of $113.58. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a market cap of $500.29 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the company posted $2.48 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Barclays dropped their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

About Exxon Mobil

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.