Global Assets Advisory LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Global Assets Advisory LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 16,399.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,616,904 shares of the oil and gas company’s stock after purchasing an additional 12,540,435 shares during the period. Exxon Mobil comprises approximately 4.7% of Global Assets Advisory LLC’s portfolio, making the stock its 5th biggest holding. Global Assets Advisory LLC owned about 0.32% of Exxon Mobil worth $1,466,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $5,519,753,000. Fisher Asset Management LLC raised its position in shares of Exxon Mobil by 566.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 10,221.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares during the last quarter. Capital International Investors raised its position in shares of Exxon Mobil by 22.8% in the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Exxon Mobil by 75.7% in the 4th quarter. Wellington Management Group LLP now owns 5,483,900 shares of the oil and gas company’s stock worth $548,280,000 after buying an additional 2,363,395 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 3.0 %

Shares of XOM opened at $114.05 on Tuesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market cap of $449.70 billion, a PE ratio of 13.98, a P/E/G ratio of 3.95 and a beta of 0.92. The business has a fifty day moving average of $115.59 and a 200 day moving average of $109.28. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. TD Cowen lifted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Mizuho increased their target price 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. 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 report on Thursday, April 11th. Finally, Piper Sandler increased their price objective 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $133.71.

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.