Sivia Capital Partners LLC Purchases New Stake in Exxon Mobil Co. (NYSE:XOM)

Sivia Capital Partners LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,306 shares of the oil and gas company’s stock, valued at approximately $830,000. Exxon Mobil accounts for about 0.5% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds have also made changes to their positions in the stock. Cove Private Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $1,016,000. Vanguard Group Inc. grew its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after buying an additional 1,269,495 shares in the last quarter. Wahed Invest LLC grew its position in shares of Exxon Mobil by 9.1% during the fourth quarter. Wahed Invest LLC now owns 69,162 shares of the oil and gas company’s stock worth $6,915,000 after buying an additional 5,749 shares in the last quarter. Red Mountain Financial LLC acquired a new position in Exxon Mobil in the fourth quarter worth $686,000. Finally, ICA Group Wealth Management LLC boosted its holdings in Exxon Mobil by 10.9% in the fourth quarter. ICA Group Wealth Management LLC now owns 15,108 shares of the oil and gas company’s stock worth $1,510,000 after purchasing an additional 1,480 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.7 %

Shares of Exxon Mobil stock opened at $108.37 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $427.30 billion, a P/E ratio of 13.28, a P/E/G ratio of 3.89 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $116.59 and its 200-day moving average is $108.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the company posted $2.83 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Mizuho lifted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. HSBC boosted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Piper Sandler boosted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.71.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently 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.