Citizens Financial Group Inc. RI Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Citizens Financial Group Inc. RI boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 283,478 shares of the oil and gas company’s stock after purchasing an additional 18,959 shares during the period. Exxon Mobil makes up 1.0% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 21st largest holding. Citizens Financial Group Inc. RI’s holdings in Exxon Mobil were worth $28,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. FMR LLC boosted its holdings in shares of Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after acquiring an additional 1,066,937 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after acquiring an additional 576,078 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after acquiring an additional 132,196 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Exxon Mobil by 15.8% in the third quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after acquiring an additional 1,252,505 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded down $3.37 during midday trading on Friday, reaching $117.96. 27,289,468 shares of the company’s stock were exchanged, compared to its average volume of 16,002,832. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $466.92 billion, a PE ratio of 13.27, a P/E/G ratio of 4.17 and a beta of 0.96. The business’s 50-day moving average price is $113.33 and its 200 day moving average price is $106.67. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Analyst Upgrades and Downgrades

XOM has been the topic of several analyst reports. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.