Entruity Wealth LLC Purchases Shares of 18,575 Exxon Mobil Co. (NYSE:XOM)

Entruity Wealth LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,575 shares of the oil and gas company's stock, valued at approximately $1,998,000. Exxon Mobil comprises 2.0% of Entruity Wealth LLC's investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $4,935,000. Townsquare Capital LLC grew its stake in Exxon Mobil by 5.6% during the 4th quarter. Townsquare Capital LLC now owns 264,023 shares of the oil and gas company's stock worth $28,401,000 after buying an additional 13,983 shares during the last quarter. Crux Wealth Advisors purchased a new position in Exxon Mobil during the 4th quarter worth approximately $989,000. Nicolet Bankshares Inc. increased its position in Exxon Mobil by 0.7% during the fourth quarter. Nicolet Bankshares Inc. now owns 25,427 shares of the oil and gas company's stock worth $2,735,000 after buying an additional 166 shares during the period. Finally, Qtron Investments LLC lifted its stake in Exxon Mobil by 7.7% in the fourth quarter. Qtron Investments LLC now owns 43,810 shares of the oil and gas company's stock valued at $4,713,000 after buying an additional 3,144 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $0.17 during trading on Monday, hitting $103.31. 18,018,068 shares of the stock were exchanged, compared to its average volume of 15,991,340. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market cap of $446.85 billion, a PE ratio of 13.18, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a fifty day moving average price of $110.20 and a two-hundred day moving average price of $113.10. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Remove Ads

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 net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Barclays reduced their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.75.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

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.