Select Asset Management & Trust Acquires 28,278 Shares of Exxon Mobil Co. (NYSE:XOM)

Select Asset Management & Trust boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 208.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,816 shares of the oil and gas company's stock after buying an additional 28,278 shares during the period. Exxon Mobil accounts for about 1.7% of Select Asset Management & Trust's investment portfolio, making the stock its 11th biggest holding. Select Asset Management & Trust's holdings in Exxon Mobil were worth $4,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $47,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Barclays decreased their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.75.

Exxon Mobil Stock Up 2.5 %

Shares of NYSE XOM opened at $106.84 on Monday. 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 has a 50-day moving average of $109.82 and a 200 day moving average of $112.68. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $462.12 billion, a PE ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company posted $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil 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.

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