ExxonMobil Corporation $XOM Shares Bought by Markel Group Inc.

Markel Group Inc. raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 23.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,000 shares of the oil and gas company’s stock after purchasing an additional 9,000 shares during the quarter. Markel Group Inc.’s holdings in ExxonMobil were worth $7,974,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the 4th quarter worth about $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the period. Key Capital Management INC purchased a new position in ExxonMobil during the fourth quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on XOM shares. Mizuho decreased their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. HSBC boosted their target price on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Piper Sandler lowered their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Barclays lifted their price objective on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Price Performance

Shares of XOM opened at $144.50 on Thursday. The company has a market cap of $598.95 billion, a P/E ratio of 24.37, a PEG ratio of 0.59 and a beta of 0.17. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $145.73 and its 200 day moving average price is $146.11.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. On average, research analysts forecast that ExxonMobil Corporation will post 11.48 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.