Intact Investment Management Inc. Purchases 47,400 Shares of Exxon Mobil Co. (NYSE:XOM)

Intact Investment Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 225.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 68,400 shares of the oil and gas company’s stock after purchasing an additional 47,400 shares during the quarter. Intact Investment Management Inc.’s holdings in Exxon Mobil were worth $6,839,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. FMR LLC lifted its stake in Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $295,515,000. Canada Pension Plan Investment Board increased its position in shares of Exxon Mobil by 21,620,510.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock valued at $254,215,000 after purchasing an additional 2,162,051 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Exxon Mobil by 650.5% in the fourth quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock worth $186,452,000 after buying an additional 1,616,417 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil 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 transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Truist Financial boosted their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, TD Cowen raised their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Eight research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Trading Down 2.8 %

Shares of NYSE XOM traded down $3.37 during mid-day trading on Friday, reaching $117.96. The company had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s 50-day moving average is $113.33 and its 200-day moving average is $106.64. The stock has a market cap of $466.92 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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). 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%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.83 EPS. Equities analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.