10,752 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Raiffeisen Bank International AG
Raiffeisen Bank International AG acquired 10,752 shares of Exxon Mobil Co. (NYSE:XOM) valued at approximately $1.14 million during the fourth quarter, as reported in its 13F filing with the SEC. Other institutional investors also increased their positions in Exxon Mobil. Analysts have mixed ratings on the stock, with a moderate buy average rating and a target price of $125.50. Exxon Mobil's recent earnings report showed an EPS of $1.76, exceeding estimates, and the company announced a quarterly dividend of $0.99, yielding 3.66%.
Raiffeisen Bank International AG bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,752 shares of the oil and gas company's stock, valued at approximately $1,138,000.
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Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on XOM. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Piper Sandler decreased their price objective on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.50.
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View Our Latest Analysis on XOM
Exxon Mobil Price Performance
Exxon Mobil stock opened at $108.13 on Friday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50 day simple moving average of $108.98 and a 200-day simple moving average of $110.85. The stock has a market capitalization of $466.01 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.
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Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
Exxon Mobil Company Profile
(Free Report)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.
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