Arete Wealth Advisors LLC Purchases 12,694 Shares of Exxon Mobil Co. (NYSE:XOM)

Arete Wealth Advisors LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,246 shares of the oil and gas company's stock after purchasing an additional 12,694 shares during the quarter. Arete Wealth Advisors LLC's holdings in Exxon Mobil were worth $7,342,000 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 the stock. Rockline Wealth Management LLC lifted its position in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank raised its stake in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after buying an additional 493 shares in the last quarter. Helen Stephens Group LLC lifted its holdings in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after buying an additional 2,825 shares during the period. Merewether Investment Management LP boosted its stake in Exxon Mobil by 3.2% during the third quarter. Merewether Investment Management LP now owns 307,243 shares of the oil and gas company's stock valued at $36,015,000 after buying an additional 9,600 shares in the last quarter. Finally, Hartford Funds Management Co LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $543,000. Institutional investors own 61.80% of the company's stock.

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Exxon Mobil Stock Down 5.3 %

Shares of NYSE:XOM traded down $6.31 on Thursday, reaching $112.36. The company had a trading volume of 21,185,561 shares, compared to its average volume of 15,714,152. The stock has a market capitalization of $487.53 billion, a P/E ratio of 14.33, a P/E/G ratio of 3.02 and a beta of 0.60. The stock has a 50-day moving average price of $111.25 and a 200 day moving average price of $113.87. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. 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 - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 business earned $2.48 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Mizuho reduced their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $128.80.

About Exxon Mobil

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.