Arkadios Wealth Advisors Grows Position in Exxon Mobil Co. (NYSE:XOM) - Defense World

Arkadios Wealth Advisors increased its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,636 shares of the oil and gas company’s stock after purchasing an additional 507 shares during the period. Arkadios Wealth Advisors’ holdings in Exxon Mobil were worth $6,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter valued at about $5,226,390,000. Imprint Wealth LLC grew its position in Exxon Mobil by 9,115.2% during the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after acquiring an additional 11,181,673 shares during the period. Morgan Stanley grew its position in Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the period. Finally, International Assets Investment Management LLC grew its position in Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after acquiring an additional 4,870,115 shares during the period. Hedge funds and other institutional investors 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 company’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 sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Wells Fargo & Company boosted their price target on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group lowered their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Finally, Piper Sandler reduced their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.82.

Get Our Latest Stock Report on XOM

Exxon Mobil Trading Up 1.4 %

NYSE:XOM opened at $121.37 on Monday. 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 $122.15. The business’s 50-day simple moving average is $108.06 and its 200 day simple moving average is $105.96. The stock has a market cap of $481.58 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 earnings per share. The company’s revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.38 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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. This represents a $3.80 annualized dividend and a yield of 3.13%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

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.