Sivia Capital Partners LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Sivia Capital Partners LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 10.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,197 shares of the oil and gas company’s stock after buying an additional 891 shares during the period. Exxon Mobil accounts for about 0.7% of Sivia Capital Partners LLC’s holdings, making the stock its 23rd largest holding. Sivia Capital Partners LLC’s holdings in Exxon Mobil were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Vima LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $80,000. Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil in the 4th quarter worth $80,000. Finally, Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $91,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.81 on Thursday. The company has a market capitalization of $452.70 billion, a P/E ratio of 14.07, a P/E/G ratio of 4.10 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s 50 day simple moving average is $115.00 and its two-hundred day simple moving average is $109.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

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 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 firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the firm posted $2.83 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Activity at Exxon Mobil

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

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. HSBC lifted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Mizuho raised 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 lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Truist Financial reissued a “hold” rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

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.