Crescent Grove Advisors LLC Has $1.66 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Crescent Grove Advisors LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,557 shares of the oil and gas company’s stock after buying an additional 1,231 shares during the period. Crescent Grove Advisors LLC’s holdings in Exxon Mobil were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. KB Financial Partners LLC bought a new position in Exxon Mobil in the first quarter worth approximately $27,000. IMA Wealth Inc. boosted its holdings in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $43,000. Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.63 on Thursday. The firm has a market cap of $469.57 billion, a PE ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96. The stock’s fifty day moving average price is $110.89 and its two-hundred day moving average price is $106.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its 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. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.40 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders 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 3.20%. Exxon Mobil’s payout ratio is presently 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on 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 $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XOM. Piper Sandler cut their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. UBS Group raised their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Finally, Mizuho restated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

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.