Exxon Mobil Co. (NYSE:XOM) Stake Lifted by Mengis Capital Management Inc.

Mengis Capital Management Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 4th quarter, HoldingsChannel reports. The fund owned 72,646 shares of the oil and gas company’s stock after acquiring an additional 1,226 shares during the period. Exxon Mobil accounts for approximately 1.4% of Mengis Capital Management Inc.’s holdings, making the stock its 19th largest holding. Mengis Capital Management Inc.’s holdings in Exxon Mobil were worth $7,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $80,000. Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter worth approximately $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil during the third quarter worth approximately $92,000. TFO Wealth Partners LLC boosted its holdings in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after buying an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its holdings in Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after buying an additional 792 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly 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 accessible through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $121.05 on Wednesday. The company’s fifty day moving average is $112.29 and its 200-day moving average is $106.41. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market cap of $479.15 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 4.14 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the business posted $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.14%. Exxon Mobil’s payout ratio is presently 42.74%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Truist Financial upped their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, UBS Group upped their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.