Machina Capital S.A.S. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Machina Capital S.A.S. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,047 shares of the oil and gas company’s stock, valued at approximately $605,000.

Several other institutional investors also recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its stake in Exxon Mobil by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 314,970 shares of the oil and gas company’s stock worth $31,491,000 after buying an additional 6,419 shares during the period. Private Advisor Group LLC grew its stake in Exxon Mobil by 10.7% during the fourth quarter. Private Advisor Group LLC now owns 494,936 shares of the oil and gas company’s stock worth $49,483,000 after buying an additional 47,977 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Exxon Mobil by 0.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 80,747 shares of the oil and gas company’s stock worth $8,073,000 after buying an additional 745 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $582,000. Finally, Spire Wealth Management grew its stake in Exxon Mobil by 3.0% during the fourth quarter. Spire Wealth Management now owns 121,229 shares of the oil and gas company’s stock worth $11,753,000 after buying an additional 3,490 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on XOM. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. 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. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Finally, UBS Group upped their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.06.

Exxon Mobil Stock Up 0.6 %

NYSE XOM traded up $0.72 during trading hours on Monday, reaching $116.72. 31,394,428 shares of the company traded hands, compared to its average volume of 18,695,932. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $460.23 billion, a PE ratio of 14.30, a PEG ratio of 4.03 and a beta of 0.96. The company has a 50 day moving average of $114.90 and a two-hundred day moving average of $106.92.

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 analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $2.83 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.26%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insiders Place Their Bets

In related 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 sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

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.