Prudential PLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Prudential PLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 16.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,097 shares of the oil and gas company’s stock after purchasing an additional 8,698 shares during the quarter. Prudential PLC’s holdings in Exxon Mobil were worth $6,465,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the last quarter. United Bank boosted its position in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Exxon Mobil by 12.8% in the 3rd quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company’s stock worth $67,631,000 after buying an additional 65,311 shares during the period. Texas Capital Bank Wealth Management Services Inc raised its position in Exxon Mobil by 17.3% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 16,036 shares of the oil and gas company’s stock worth $1,880,000 after buying an additional 2,369 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $28,084,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 7.3 %

Shares of XOM opened at $104.17 on Friday. The firm’s fifty day moving average is $111.16 and its two-hundred day moving average is $113.81. The stock has a market cap of $452.01 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. 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 52-week low of $103.67 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $2.48 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’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. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Barclays cut their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.80.

About Exxon Mobil

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.