Rep. Kevin Hern Buys Exxon Mobil Co. (NYSE:XOM) Shares

Representative Kevin Hern (R-Oklahoma) recently bought shares of Exxon Mobil Co. NYSE: XOM. In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Exxon Mobil stock on December 10th. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Intel NASDAQ: INTC on 12/31/2024.
• Sold $250,001 - $500,000 in shares of Devon Energy NYSE: DVN on 12/31/2024.
• Sold $15,001 - $50,000 in shares of Estée Lauder Companies NYSE: EL on 12/31/2024.
• Sold $100,001 - $250,000 in shares of Johnson & Johnson NYSE: JNJ on 12/31/2024.
• Sold $50,001 - $100,000 in shares of DexCom NASDAQ: DXCM on 12/31/2024.
• Sold $50,001 - $100,000 in shares of AGCO NYSE: AGCO on 12/31/2024.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 12/12/2024.
• Purchased $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 10/29/2024.

Exxon Mobil Trading Up 0.9 %

NYSE XOM traded up $1.05 during trading on Friday, hitting $112.37. 19,228,798 shares of the company's stock traded hands, compared to its average volume of 14,973,853. The stock has a fifty day moving average of $112.73 and a two-hundred day moving average of $115.52. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. UBS Group dropped 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. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.84.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $46,000. Finally, Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at about $51,000. 61.80% of the stock is owned by institutional investors.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald's franchisee and served on the McDonald's National Leadership Team. Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.