Alpha DNA Investment Management LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Alpha DNA Investment Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 62.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,168 shares of the oil and gas company’s stock after buying an additional 8,489 shares during the quarter. Exxon Mobil comprises approximately 0.9% of Alpha DNA Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Alpha DNA Investment Management LLC’s holdings in Exxon Mobil were worth $2,385,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.75.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 2.5 %

NYSE XOM opened at $106.84 on Friday. The company’s fifty day moving average price is $109.92 and its two-hundred day moving average price is $112.90. The company has a market capitalization of $462.12 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. 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 posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company earned $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.71%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.