NEOS Investment Management LLC Has $25.13 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

NEOS Investment Management LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 23.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,633 shares of the oil and gas company’s stock after purchasing an additional 44,515 shares during the quarter. Exxon Mobil accounts for 0.6% of NEOS Investment Management LLC’s holdings, making the stock its 24th biggest position. NEOS Investment Management LLC’s holdings in Exxon Mobil were worth $25,132,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $118.11 on Thursday. The firm has a 50-day moving average price of $110.49 and a two-hundred day moving average price of $113.64. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The company has a market capitalization of $512.50 billion, a P/E ratio of 15.07, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm earned $2.48 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.15.

Insider Activity at Exxon Mobil

In other Exxon Mobil 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 of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

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.