New Age Alpha Advisors LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

New Age Alpha Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 140,292.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,298 shares of the oil and gas company's stock after purchasing an additional 178,171 shares during the period. Exxon Mobil makes up 0.8% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 17th largest position. New Age Alpha Advisors LLC's holdings in Exxon Mobil were worth $19,180,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, 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 report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $129.05.

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Exxon Mobil Stock Performance

Shares of XOM traded down $0.23 during mid-day trading on Friday, reaching $117.66. 10,220,644 shares of the company's stock were exchanged, compared to its average volume of 15,706,266. The business's fifty day simple moving average is $110.73 and its 200-day simple moving average is $113.71. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The stock has a market capitalization of $510.53 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 quarter last year, the business earned $2.48 earnings per share. On average, equities research analysts expect 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. Shareholders 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 yield of 3.37%. Exxon Mobil's payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Company Profile

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.