Martin Worley Group Invests $497,000 in Exxon Mobil Co. (NYSE:XOM)

Martin Worley Group acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,619 shares of the oil and gas company's stock, valued at approximately $497,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XOM shares. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. UBS Group lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.80.

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Exxon Mobil Stock Down 5.3 %

Shares of NYSE:XOM traded down $6.31 during trading on Thursday, hitting $112.36. 21,185,561 shares of the company were exchanged, compared to its average volume of 15,714,152. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock has a market cap of $487.53 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 3.02 and a beta of 0.60. 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 firm has a fifty day moving average price of $111.25 and a two-hundred day moving average price of $113.87.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results 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 in the prior year, the business earned $2.48 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal 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 given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.