Metis Global Partners LLC Purchases 31,460 Shares of Exxon Mobil Co. (NYSE:XOM)

Metis Global Partners LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 15.6% in the fourth quarter, HoldingsChannel reports. The fund owned 232,521 shares of the oil and gas company’s stock after buying an additional 31,460 shares during the period. Exxon Mobil accounts for 0.9% of Metis Global Partners LLC’s portfolio, making the stock its 19th largest position. Metis Global Partners LLC’s holdings in Exxon Mobil were worth $23,247,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of XOM. Root Financial Partners LLC raised its holdings in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after purchasing an additional 575,649 shares during the last quarter. Qsemble Capital Management LP increased its holdings in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 1,200 shares during the period. RNC Capital Management LLC raised its position in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the last quarter. Finally, Dupree Financial Group LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $378,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

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 shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on XOM. Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Stock Down 0.2 %

Shares of XOM stock traded down $0.24 during trading hours on Friday, reaching $116.00. The company had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The business has a fifty day simple moving average of $114.65 and a 200-day simple moving average of $106.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market cap of $457.39 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. 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 posted its earnings results 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 return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.