Blackston Financial Advisory Group LLC Acquires New Stake in Exxon Mobil Co. (NYSE:XOM) - Defense World

Blackston Financial Advisory Group LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,131 shares of the oil and gas company’s stock, valued at approximately $313,000.

Other large investors have also made changes to their positions in the company. KB Financial Partners LLC purchased a new position in Exxon Mobil during the first quarter worth about $27,000. IMA Wealth Inc. lifted its position in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. lifted its position in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new position in Exxon Mobil during the third quarter worth about $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $116.24 on Friday. The company has a market cap of $461.22 billion, a P/E ratio of 13.08, a PEG ratio of 4.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The business’s 50-day simple moving average is $105.72 and its 200 day simple moving average is $106.03.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the firm earned $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Piper Sandler reduced their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Tuesday, January 23rd. Mizuho raised their price objective on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Finally, UBS Group cut their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

View Our Latest Stock Analysis on XOM

About Exxon Mobil

(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.