Index Fund Advisors Inc. Makes new investments in Exxon Mobil Co. (NYSE:XOM)


Index Fund Advisors Inc. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating ) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,276 shares of the oil and gas company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $3,184,424,000. GQG Partners LLC raised its position in shares of Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after buying an additional 5,807,202 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after acquiring an additional 3,619,270 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after purchasing an additional 3,441,825 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock worth $160,209,000 after buying an additional 2,000,928 shares during the last quarter. 54.07% of the shares are owned by institutional investors.

Shares of XOM stock opened at $86.08 on Friday. Exxon Mobil Co. it has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The firm has a market capitalization of $362.62 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76, and a current ratio of 1.07. The stock’s 50-day simple moving average is $91.69 and its 200-day simple moving average is $82.90.

Exxon Mobil (NYSE:XOM – Get Rating ) last issued its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to analyst expectations of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. During the same quarter a year ago, the firm posted $0.65 EPS. As a group, stock analysts predict that Exxon Mobil Co. will post 11.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a dividend of $3.52 on an annualized basis and a yield of 4.09%. Exxon Mobil’s dividend payout ratio is currently 58.37%.

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a legal filing with the SEC, which is available via this link. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. Disclosure for this sale can be found here. 0.04% of shares are owned by corporate insiders.

Several research firms have recently weighed in on XOM. Barclays lifted their price objective on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a call of appreciation. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $90.00 to $100.00 in a report on Thursday, April 21st. Truist Financial upped their price objective on Exxon Mobil from $75.00 to $84.00 in a report on Thursday, April 21st. Finally, Citigroup raised their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $90.48.

Exxon Mobil Profile (Get rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream and Chemical segments. The company is also involved in the production, trading, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and other miscellaneous petrochemicals; and captures and stores carbon, hydrogen and biofuels.

See also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



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