Modern Wealth Management LLC Has $12.36 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Modern Wealth Management LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 72.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 111,345 shares of the oil and gas company's stock after acquiring an additional 46,921 shares during the period. Modern Wealth Management LLC's holdings in Exxon Mobil were worth $12,356,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after acquiring an additional 521,932 shares in the last quarter. United Bank boosted its holdings in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after purchasing an additional 641 shares during the period. Eagle Asset Management Inc. increased its stake in Exxon Mobil by 3.2% during the third quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company's stock valued at $7,446,000 after purchasing an additional 1,935 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $2,262,000. Finally, Fisher Asset Management LLC lifted its position in shares of Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company's stock worth $3,422,538,000 after buying an additional 949,875 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

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Insider Transactions at Exxon Mobil

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 value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

XOM stock traded up $0.81 during trading hours on Tuesday, hitting $116.61. 12,080,693 shares of the stock traded hands, compared to its average volume of 14,963,363. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $110.22 and a 200 day simple moving average of $113.58. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a market cap of $505.99 billion, a P/E ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.40%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Finally, Barclays cut their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned 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 has an average rating of "Moderate Buy" and a consensus target price of $129.15.

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.