Pittenger & Anderson Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Pittenger & Anderson Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,789 shares of the oil and gas company’s stock after acquiring an additional 1,091 shares during the period. Pittenger & Anderson Inc.’s holdings in Exxon Mobil were worth $3,178,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at approximately $91,000. Authentikos Wealth Advisory LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $92,000. Keener Financial Planning LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $80,000. Sumitomo Mitsui Financial Group Inc. increased its position in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its stake in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, TD Cowen raised their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Stock Down 2.3 %

Shares of XOM stock traded down $2.80 during mid-day trading on Friday, hitting $118.53. The stock had a trading volume of 17,845,128 shares, compared to its average volume of 18,094,350. The firm has a market capitalization of $469.17 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96. 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 12-month low of $95.77 and a 12-month high of $123.75. The firm’s 50-day moving average is $113.04 and its two-hundred day moving average is $106.62.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the firm posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil 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 transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.