Maridea Wealth Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,378 shares of the oil and gas company's stock, valued at approximately $471,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on XOM. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Piper Sandler decreased their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.05.
View Our Latest Research Report on XOM
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company's stock.
Exxon Mobil Trading Up 1.0 %
XOM stock traded up $1.13 during trading on Monday, hitting $118.86. 10,561,959 shares of the company traded hands, compared to its average volume of 15,937,702. The company has a 50-day moving average of $110.73 and a 200-day moving average of $113.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The firm has a market capitalization of $515.76 billion, a PE ratio of 15.16, a P/E/G ratio of 3.02 and a beta of 0.83.
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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business posted $2.48 EPS. Analysts predict 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. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
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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