Syon Capital LLC Purchases 10,329 Shares of Exxon Mobil Co. (NYSE:XOM)

Syon Capital LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 17.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 69,367 shares of the oil and gas company’s stock after buying an additional 10,329 shares during the quarter. Syon Capital LLC’s holdings in Exxon Mobil were worth $6,935,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Naples Global Advisors LLC boosted its position in Exxon Mobil by 2.5% during the third 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% during the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after purchasing an additional 97 shares during the period. Clarus Group Inc. boosted its position in Exxon Mobil by 2.7% during the third quarter. Clarus Group Inc. now owns 97,809 shares of the oil and gas company’s stock worth $11,500,000 after purchasing an additional 2,613 shares during the period. Exeter Financial LLC boosted its position in shares of Exxon Mobil by 1.5% in the third quarter. Exeter Financial LLC now owns 20,131 shares of the oil and gas company’s stock valued at $2,367,000 after acquiring an additional 303 shares during the period. Finally, Viking Fund Management LLC boosted its position in shares of Exxon Mobil by 7.0% in the third quarter. Viking Fund Management LLC now owns 107,000 shares of the oil and gas company’s stock valued at $12,581,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. Wells Fargo & Company increased 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. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial upped 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. TD Cowen upped their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, UBS Group upped their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Down 2.8 %

Exxon Mobil stock traded down $3.37 during mid-day trading on Friday, hitting $117.96. The stock had a trading volume of 26,679,560 shares, compared to its average volume of 18,162,922. The stock has a 50-day simple moving average of $113.04 and a two-hundred day simple moving average of $106.62. The stock has a market capitalization of $466.92 billion, a PE ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96. 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 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last posted 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 during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given 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 of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Exxon Mobil Profile

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.