Stenger Family Office LLC Invests $6.63 Million in Exxon Mobil Co. (NYSE:XOM)

Stenger Family Office LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 61,595 shares of the oil and gas company's stock, valued at approximately $6,626,000. Exxon Mobil makes up 2.3% of Stenger Family Office LLC's holdings, making the stock its 11th largest holding.

Several other large investors also recently added to or reduced their stakes in XOM. Lifelong Wealth Advisors Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $212,000. Master S Wealth Management Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $226,000. Acorns Advisers LLC raised its holdings in shares of Exxon Mobil by 44.3% during the 4th quarter. Acorns Advisers LLC now owns 5,391 shares of the oil and gas company's stock valued at $580,000 after buying an additional 1,655 shares in the last quarter. Finward Bancorp purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $834,000. Finally, Operose Advisors LLC grew its position in Exxon Mobil by 108.0% during the fourth quarter. Operose Advisors LLC now owns 8,430 shares of the oil and gas company's stock valued at $907,000 after acquiring an additional 4,378 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price objective 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. The Goldman Sachs Group lowered their target price 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. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, 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, March 27th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.75.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value 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. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

XOM stock traded up $2.65 during midday trading on Friday, reaching $106.84. 17,830,092 shares of the company's stock traded hands, compared to its average volume of 15,979,540. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market cap of $462.12 billion, a P/E ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61. The stock's 50-day moving average is $109.92 and its 200 day moving average is $112.90.

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 the consensus estimate 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 business earned $2.48 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

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.