SageView Advisory Group LLC Buys 10,288 Shares of Exxon Mobil Co. (NYSE:XOM)

SageView Advisory Group LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 33.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,277 shares of the oil and gas company's stock after purchasing an additional 10,288 shares during the quarter. SageView Advisory Group LLC's holdings in Exxon Mobil were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Mizuho decreased their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.75.

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Exxon Mobil Stock Up 1.8 %

NYSE XOM traded up $1.84 during mid-day trading on Tuesday, hitting $105.23. The company's stock had a trading volume of 1,026,934 shares, compared to its average volume of 15,934,652. 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 company's 50 day simple moving average is $110.20 and its 200 day simple moving average is $113.10. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $455.13 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 prior year, the business posted $2.48 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.76%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.