Sagespring Wealth Partners LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,880 shares of the oil and gas company's stock, valued at approximately $4,935,000.
Other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Mizuho reduced their price objective on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $126.75.
Check Out Our Latest Analysis on Exxon Mobil
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company's stock.
Exxon Mobil Trading Up 0.2 %
Exxon Mobil stock traded up $0.17 during trading hours on Monday, hitting $103.31. The stock had a trading volume of 18,018,068 shares, compared to its average volume of 15,991,340. The stock has a market cap of $446.85 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 3.02 and a beta of 0.61. 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 business's 50 day simple moving average is $110.20 and its 200-day simple moving average is $113.10. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 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 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.83%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Exxon Mobil Profile
(
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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