O Shaughnessy Asset Management LLC Increases Stake in Exxon Mobil

O Shaughnessy Asset Management LLC has slightly increased its investment in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.5% during the fourth quarter. This change was reported in the latest 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 2,604 shares, the firm now holds a total of 530,624 shares of Exxon Mobil. The value of these holdings is estimated at $57,079,000 based on the recent SEC filing.

Institutional Investment Activity

In addition to O Shaughnessy, several other institutional investors have also made adjustments to their positions in Exxon Mobil. For instance, Geode Capital Management LLC raised its stake by 1.8% during the third quarter, now owning 92,194,981 shares valued at approximately $10.78 billion after adding 1,622,064 shares. Norges Bank has also entered the scene, purchasing a new stake in Exxon Mobil during the fourth quarter valued at around $6.94 billion.

Meanwhile, Bank of New York Mellon Corp expanded its position by 14.4% in the same quarter, acquiring an additional 5,538,694 shares to reach a total of 43,983,110 shares worth $4.73 billion. Furthermore, Charles Schwab Investment Management Inc. increased its stake by 2.2%, now possessing 31,860,532 shares valued at around $3.43 billion after purchasing an extra 700,415 shares. Lastly, Franklin Resources Inc. enhanced its holdings by 16.3% during the third quarter, now owning 31,522,556 shares worth approximately $3.94 billion. Collectively, institutional investors own about 61.80% of Exxon Mobil's stock.

Exxon Mobil's Recent Performance

As of Friday, shares of Exxon Mobil (NYSE:XOM) opened at $117.66. The company's 50-day simple moving average stands at $110.73, while its 200-day moving average is at $113.71. Over the past year, Exxon Mobil's stock has fluctuated between a low of $103.67 and a high of $126.34. The company holds a market capitalization of $510.53 billion, a price-to-earnings ratio of 15.01, and a price/earnings to growth ratio of 3.02.

In its latest quarterly earnings report released on January 31, Exxon Mobil reported earnings of $1.67 per share, which fell short of analysts' expectations of $1.77 by $0.10. The company's return on equity was recorded at 12.92%, with a net margin of 9.63%. Analysts are predicting that Exxon Mobil will post earnings of $7.43 per share for the current fiscal year.

Dividend Announcement

Exxon Mobil has also declared a quarterly dividend, which was issued on March 10. Shareholders on record as of February 12 received a dividend of $0.99 per share, translating to an annualized dividend of $3.96, which corresponds to a dividend yield of 3.37%. The dividend payout ratio is currently calculated at 50.51%.

Analyst Insights

Recently, several equity analysts have shared their views on Exxon Mobil. Argus upgraded the stock to a 'strong-buy' rating on February 4. Conversely, Morgan Stanley reduced its price target on Exxon Mobil from $141.00 to $138.00, yet maintained an 'overweight' rating. BMO Capital Markets dropped the price target from $130.00 to $123.00 whilst assigning a 'market perform' rating. Additionally, UBS Group lowered their target price from $149.00 to $147.00 with a 'buy' rating, and Bernstein Bank raised its target from $138.00 to $144.00 while issuing an 'overweight' rating. Currently, the stock has a mix of ratings: one sell, eight holds, eleven buys, and two strong buys, averaging a 'Moderate Buy' with a consensus target price of $129.05.

Insider Trading Activity

In terms of insider trading, VP Darrin L. Talley recently sold 2,100 shares on February 4 at an average price of $110.00, totaling $231,000. Following this sale, he retained 18,087 shares in the company, valued at about $1.99 million. Currently, insiders own approximately 0.03% of Exxon Mobil stock.

Company Profile

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas, both domestically and internationally. Its operations are divided into several segments, including Upstream, Energy Products, Chemical Products, and Specialty Products.

OShaughnessy, ExxonMobil, Investment