6,252 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by May Hill Capital LLC

May Hill Capital LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,252 shares of the oil and gas company’s stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares during the period. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock valued at $3,427,237,000 after buying an additional 700,415 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $119.09 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $516.73 billion, a P/E ratio of 15.19, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The stock has a 50 day moving average of $110.87 and a 200-day moving average of $113.80.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XOM shares. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.05.

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.