Exxon Mobil Co. (NYSE:XOM) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,709,202 shares of the oil and gas company’s stock after purchasing an additional 521,932 shares during the quarter. Principal Financial Group Inc.’s holdings in Exxon Mobil were worth $786,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Truist Financial decreased their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. TD Cowen decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday. Finally, The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $121.15 on Friday. The firm has a 50 day simple moving average of $117.78 and a 200 day simple moving average of $116.36. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market cap of $477.70 billion, a P/E ratio of 15.09, a P/E/G ratio of 4.96 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.97 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is currently 47.32%.

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.