Legacy Financial Advisors Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,694 shares of the oil and gas company's stock after selling 2,424 shares during the period. Legacy Financial Advisors Inc.'s holdings in Exxon Mobil were worth $2,979,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.
Exxon Mobil Stock Performance
Shares of Exxon Mobil stock traded up $3.12 during trading hours on Friday, reaching $103.05. The company had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. The firm has a market cap of $445.70 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day simple moving average of $110.33 and a 200 day simple moving average of $113.19.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 period in the prior year, the company posted $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.84%. Exxon Mobil's dividend payout ratio is currently 50.51%.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction 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 in the company, 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 at this link. 0.03% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.95.
View Our Latest Stock Report on XOM
About Exxon Mobil
(
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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