Lincoln National Corp Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Lincoln National Corp boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,099 shares of the oil and gas company’s stock after purchasing an additional 4,777 shares during the quarter. Lincoln National Corp’s holdings in Exxon Mobil were worth $16,807,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of Exxon Mobil by 3.0% during the 3rd 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. Morgan Stanley raised its holdings in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after acquiring an additional 1,066,937 shares during the last quarter. Northern Trust Corp lifted its position in shares of Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after acquiring an additional 576,078 shares in the last quarter. Fisher Asset Management LLC increased its position in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Exxon Mobil by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after purchasing an additional 132,196 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.53 during trading on Tuesday, hitting $116.22. 30,109,699 shares of the company traded hands, compared to its average volume of 18,823,330. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $114.90 and its 200-day moving average is $106.92. The stock has a market capitalization of $458.26 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. UBS Group raised their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial increased their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Finally, TD Cowen boosted their price objective 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. Eight 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, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

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.