BIP Wealth LLC Has $2.15 Million Stake in Exxon Mobil Co. (NYSE:XOM)

BIP Wealth LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,546 shares of the oil and gas company’s stock after acquiring an additional 4,215 shares during the period. BIP Wealth LLC’s holdings in Exxon Mobil were worth $2,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Root Financial Partners LLC grew its stake in Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after purchasing an additional 575,649 shares in the last quarter. Qsemble Capital Management LP increased its position in Exxon Mobil by 34.3% during the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares in the last quarter. RNC Capital Management LLC increased its position in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Dupree Financial Group LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $378,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XOM. TD Cowen upped their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Mizuho restated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. UBS Group increased their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Trading Down 3.6 %

Exxon Mobil stock traded down $4.40 during mid-day trading on Friday, reaching $116.93. 8,415,331 shares of the company traded hands, compared to its average volume of 17,963,033. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm’s 50 day moving average price is $113.04 and its 200 day moving average price is $106.62. The firm has a market capitalization of $462.84 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 4.16 and a beta of 0.96. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

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.