Exxon Mobil Co. (NYSE:XOM) Shares Bought by Riverstone Advisors LLC

Riverstone Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,298 shares of the oil and gas company’s stock after buying an additional 818 shares during the period. Exxon Mobil makes up about 2.0% of Riverstone Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Riverstone Advisors LLC’s holdings in Exxon Mobil were worth $3,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. KB Financial Partners LLC bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. boosted its stake in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at $43,000. Turim 21 Investimentos Ltda. increased its position in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, Studio Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $49,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $118.46 on Friday. The firm has a market capitalization of $468.90 billion, a PE ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $111.18 and its 200 day simple moving average is $106.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period last year, the business posted $3.40 earnings per share. The firm’s revenue was down 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. Exxon Mobil’s payout ratio is 42.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group boosted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.