Lyell Wealth Management LP Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Lyell Wealth Management LP increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 64.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,229 shares of the oil and gas company’s stock after purchasing an additional 4,774 shares during the period. Lyell Wealth Management LP’s holdings in Exxon Mobil were worth $1,223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Naples Global Advisors LLC boosted its position in Exxon Mobil by 2.5% during the 3rd quarter. Naples Global Advisors LLC now owns 73,381 shares of the oil and gas company’s stock worth $8,628,000 after purchasing an additional 1,808 shares during the period. Well Done LLC boosted its position in Exxon Mobil by 0.8% in the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock valued at $1,462,000 after buying an additional 97 shares during the last quarter. Clarus Group Inc. boosted its position in Exxon Mobil by 2.7% in the 3rd quarter. Clarus Group Inc. now owns 97,809 shares of the oil and gas company’s stock valued at $11,500,000 after buying an additional 2,613 shares during the last quarter. Exeter Financial LLC boosted its position in Exxon Mobil by 1.5% in the 3rd quarter. Exeter Financial LLC now owns 20,131 shares of the oil and gas company’s stock valued at $2,367,000 after buying an additional 303 shares during the last quarter. Finally, Viking Fund Management LLC boosted its position in Exxon Mobil by 7.0% in the 3rd quarter. Viking Fund Management LLC now owns 107,000 shares of the oil and gas company’s stock valued at $12,581,000 after buying an additional 7,000 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. TD Cowen upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Performance

NYSE XOM traded down $4.74 during midday trading on Friday, hitting $116.59. The company had a trading volume of 10,969,146 shares, compared to its average volume of 18,002,309. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market cap of $461.49 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96. The firm has a fifty day simple moving average of $113.04 and a two-hundred day simple moving average of $106.62. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the firm posted $2.83 earnings per share. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

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.