Index Fund Advisors Inc. makes a new investment in Exxon Mobil Co. (NYSE:XOM)


Index Fund Advisors Inc. acquired a new position in shares of Exxon Mobil Co. (NYSE: XOM – Get Rating ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,276 shares of the oil and gas company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter valued at $3,184,424,000. GQG Partners LLC lifted its position in shares of Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after buying an additional 5,807,202 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Exxon Mobil by 134.3% in the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after buying an additional 3,619,270 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after buying an additional 3,441,825 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after buying an additional 2,000,928 shares in the last quarter. 54.07% of the shares are owned by institutional investors.

Shares of XOM stock opened at $86.08 on Friday. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The firm has a market cap of $362.62 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick earnings ratio of 0.76 and a current ratio of 1.07. The stock’s 50-day simple moving average is $91.69, and the 200-day simple moving average is $82.90.

Exxon Mobil (NYSE:XOM – Get Rating ) last posted its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. Exxon Mobil’s revenue was up 53.0% year over year. During the same quarter in the previous year, the firm reported $0.65 EPS. As a group, equities analysts predict that Exxon Mobil Co. will report 11.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents an annualized dividend of $3.52 and a yield of 4.09%. Exxon Mobil’s dividend payout ratio is currently 58.37%.

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. Disclosure of this sale can be found here. 0.04% of shares are owned by corporate insiders.

Several research firms have recently weighed in on XOM. Barclays raised their price objective on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Evercore ISI raised Exxon Mobil from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a call for evaluation. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $100.00 in a report on Thursday, April 21st. Truist Financial lifted their price objective on Exxon Mobil from $75.00 to $84.00 in a report on Thursday, April 21st. Finally, Citigroup lifted their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $90.48, based on data from MarketBeat.com.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream and Chemical segments. The Company is also involved in the production, trading, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and various other petrochemicals; and captures and stores carbon, hydrogen and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



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