Mission Creek Capital Partners Inc. Raises Position in Exxon Mobil Co. (NYSE:XOM)

Mission Creek Capital Partners Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 41.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,298 shares of the oil and gas company’s stock after purchasing an additional 9,756 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Exxon Mobil were worth $3,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Berger Financial Group Inc lifted its holdings in Exxon Mobil by 4.9% during the fourth quarter. Berger Financial Group Inc now owns 17,122 shares of the oil and gas company’s stock valued at $1,842,000 after purchasing an additional 803 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Exxon Mobil by 3.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 5,988 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 177 shares during the period. Rinkey Investments lifted its stake in shares of Exxon Mobil by 35.6% during the 4th quarter. Rinkey Investments now owns 7,811 shares of the oil and gas company’s stock valued at $840,000 after buying an additional 2,049 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in Exxon Mobil by 15.7% in the 4th quarter. Aquatic Capital Management LLC now owns 158,216 shares of the oil and gas company’s stock worth $17,019,000 after buying an additional 21,516 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $956,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.0 %

Shares of NYSE XOM opened at $108.61 on Friday. The stock has a market capitalization of $469.77 billion, a P/E ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm’s 50 day simple moving average is $109.75 and its two-hundred day simple moving average is $112.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Barclays reduced their target price on Exxon Mobil from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

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.