Concurrent Investment Advisors Increases Stake in Exxon Mobil

Concurrent Investment Advisors LLC has raised its investment in Exxon Mobil Co. (NYSE:XOM) by 2.6% during the fourth quarter, based on the latest report filed with the Securities and Exchange Commission (SEC). After acquiring an additional 4,297 shares, the fund now owns a total of 169,944 shares of the oil and gas giant, which are valued at approximately $18.28 million.

Other Investor Moves

Several other major investors have adjusted their positions in Exxon Mobil recently. Pacer Advisors Inc. made a significant move by increasing its stake by an impressive 1,524.1% in the same quarter. This has brought their total ownership to 5,445,922 shares, valued at around $585.82 million, after adding over 5 million shares during the last reporting period. Franklin Resources Inc. also increased its position by 16.3% in the preceding quarter, resulting in ownership of 31,522,556 shares worth nearly $3.94 billion after acquiring over 4 million additional shares.

In addition, Strategic Financial Concepts LLC saw a massive boost of 11,131.0% in their holdings during the fourth quarter, now owning 1,792,811 shares valued at $192.85 million following the purchase of approximately 1.78 million shares. Geode Capital Management LLC increased their stake by 1.8% previously, moving their total to 92,194,981 shares worth about $10.78 billion. Lastly, Massachusetts Financial Services Co. grew its holdings by 9.0%, owning 18,328,008 shares valued at around $2.15 billion, having bought roughly 1.51 million shares additionally. Altogether, institutional investors hold 61.80% of Exxon Mobil’s stock.

Analysts’ Perspectives

Recent comments from several research analysts about Exxon Mobil have suggested varied outlooks. For instance, HSBC reduced its price target from $125.00 to $123.00 and rated the stock as a "hold" in a report dated January 31. UBS Group similarly lowered its price target from $149.00 to $147.00, although they maintained a "buy" stance, while Bernstein adjusted their price target upwards from $138.00 to $144.00 with an "overweight" rating as of January 31.

Wells Fargo & Company reduced their target from $136.00 to $135.00 and upheld their "overweight" rating, while JPMorgan Chase & Co. cut their price target from $130.00 to $125.00 yet retained an "overweight" rating as well. Currently, one analyst has rated the stock as a sell, eight as hold, eleven as buy, and two have issued a strong buy recommendation. Overall, the stock has an average rating of "Moderate Buy" from analysts, with a mean price target of $129.25.

Insider Transactions

In recent news related to insider trading, Exxon Mobil's VP, Darrin L. Talley, sold 2,100 shares on February 4 at an average price of $110.00, amounting to a total of $231,000. Following this transaction, Talley now owns 18,087 shares valued at about $1.99 million, marking a decrease of 10.40% in their stake. This transaction was disclosed in a filing with the SEC, which is publicly accessible. Currently, insiders own a mere 0.03% of the company's shares.

Current Stock Performance

The shares of Exxon Mobil have opened at $110.67 today, experiencing a decline of 1.2%. The stock reached a 12-month low of $102.88 and a high of $126.34 within the same timeframe. The company's current liquidity ratio stands at 1.31, with a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil boasts a market capitalization of $480.20 billion, a P/E ratio of 14.12, and a price-to-earnings growth ratio of 3.02.

Exxon Mobil reported its recent quarterly earnings on January 31, disclosing an EPS of $1.67, falling short of the analysts' consensus of $1.77 by $0.10. The company's return on equity measures at 12.92%, with a net margin of 9.63%. Expectations indicate that Exxon Mobil is projected to achieve earnings per share of 7.43 for the current fiscal year.

Dividend Information

In another important update, Exxon Mobil has announced a quarterly dividend of $0.99, which will be paid on March 10. Shareholders on record by February 12 will receive this dividend, equating to an annual dividend of $3.96, representing a yield of 3.58%. The ex-dividend date is also February 12, and the company currently has a dividend payout ratio of 50.51%.

About Exxon Mobil

Exxon Mobil Corporation is involved in the exploration and production of crude oil and natural gas both in the United States and globally. The operation segments include Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment primarily focuses on exploration and extraction of crude oil and natural gas.

Investment, Stock, Exxon