NewEdge Advisors LLC Purchases 27,144 Shares of Exxon Mobil Co. (NYSE:XOM)

NewEdge Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 631,160 shares of the oil and gas company's stock after acquiring an additional 27,144 shares during the period. NewEdge Advisors LLC's holdings in Exxon Mobil were worth $67,894,000 at the end of the most recent quarter.

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

Exxon Mobil Price Performance

Shares of XOM stock traded up $2.65 on Friday, reaching $106.84. The company had a trading volume of 17,830,092 shares, compared to its average volume of 15,979,540. The business's 50-day moving average is $109.92 and its 200 day moving average is $112.90. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $462.12 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Piper Sandler lowered their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays decreased their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $126.75.

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.