Demars Financial Group LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 10,659.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 201,517 shares of the oil and gas company's stock after purchasing an additional 199,644 shares during the quarter. Demars Financial Group LLC's holdings in Exxon Mobil were worth $21,677,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.
Exxon Mobil Stock Performance
NYSE XOM traded up $2.65 during trading hours on Friday, reaching $106.84. The stock had a trading volume of 17,830,092 shares, compared to its average volume of 15,988,172. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a fifty day moving average of $109.82 and a 200 day moving average of $112.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $462.12 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 quarter last year, the business posted $2.48 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. BMO Capital Markets cut their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Mizuho decreased their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.75.
View Our Latest Analysis on Exxon Mobil
Exxon Mobil Company Profile
(
Free Report)
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.
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