Orion Portfolio Solutions LLC Purchases 37,989 Shares of Exxon Mobil Co. (NYSE:XOM)

Orion Portfolio Solutions LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.2% in the 4th quarter, Holdings Channel reports. The fund owned 272,991 shares of the oil and gas company’s stock after buying an additional 37,989 shares during the period. Orion Portfolio Solutions LLC’s holdings in Exxon Mobil were worth $29,366,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,125,575 shares of the oil and gas company’s stock worth $228,648,000 after buying an additional 11,860 shares in the last quarter. Broadway Wealth Solutions Inc. acquired a new position in Exxon Mobil in the 4th quarter worth about $765,000. Boussard & Gavaudan Investment Management LLP acquired a new position in Exxon Mobil in the 4th quarter worth about $1,849,000. New Age Alpha Advisors LLC raised its position in Exxon Mobil by 140,292.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 178,298 shares of the oil and gas company’s stock valued at $19,180,000 after purchasing an additional 178,171 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $6,936,737,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.3 %

Shares of XOM opened at $117.94 on Friday. The business’s 50-day moving average price is $110.63 and its 200-day moving average price is $113.67. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The stock has a market cap of $511.75 billion, a PE ratio of 15.04, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Barclays cut their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil 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.