Foster Group Inc. Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Foster Group Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,320 shares of the oil and gas company’s stock after buying an additional 186 shares during the quarter. Foster Group Inc.’s holdings in Exxon Mobil were worth $1,897,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Partnership Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth $46,000. Vima LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $80,000. Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil during the 4th quarter worth $80,000. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 2.2 %

NYSE XOM opened at $111.75 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company’s 50 day moving average price is $115.89 and its 200 day moving average price is $108.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market capitalization of $440.63 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 3.90 and a beta of 0.92.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. UBS Group increased their price objective on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

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.