U S Wealth Group LLC. Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

U S Wealth Group LLC. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 23,759 shares of the oil and gas company's stock, valued at approximately $2,556,000. Exxon Mobil makes up about 1.9% of U S Wealth Group LLC.'s portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after acquiring an additional 521,932 shares in the last quarter. United Bank boosted its holdings in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after purchasing an additional 641 shares during the last quarter. Castleark Management LLC grew its position in Exxon Mobil by 148.7% in the third quarter. Castleark Management LLC now owns 44,200 shares of the oil and gas company's stock valued at $5,181,000 after purchasing an additional 26,430 shares in the last quarter. DF Dent & Co. Inc. increased its stake in Exxon Mobil by 10.9% in the 3rd quarter. DF Dent & Co. Inc. now owns 14,697 shares of the oil and gas company's stock valued at $1,723,000 after buying an additional 1,443 shares during the last quarter. Finally, Passive Capital Management LLC. bought a new stake in Exxon Mobil during the 3rd quarter worth about $200,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business'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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XOM shares. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $128.20.

Exxon Mobil Stock Performance

NYSE XOM traded down $5.67 on Thursday, reaching $100.13. The stock had a trading volume of 18,244,644 shares, compared to its average volume of 15,932,062. Exxon Mobil Co. has a 1-year low of $97.84 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $434.50 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The firm has a fifty day moving average of $110.61 and a two-hundred day moving average of $113.39.

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 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 quarter in the prior year, the business earned $2.48 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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 3.95%. Exxon Mobil's dividend payout ratio is presently 50.51%.

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.