Harrell Investment Partners LLC increased its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,389 shares of the oil and gas company’s stock after acquiring an additional 106 shares during the quarter. Harrell Investment Partners LLC’s holdings in Exxon Mobil were worth $3,538,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of XOM. True Link Financial Advisors LLC raised its stake in Exxon Mobil by 6.4% during the 4th quarter. True Link Financial Advisors LLC now owns 11,429 shares of the oil and gas company’s stock worth $1,143,000 after buying an additional 684 shares during the period. Lineweaver Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 55.7% in the 4th quarter. Lineweaver Wealth Advisors LLC now owns 22,747 shares of the oil and gas company’s stock worth $2,275,000 after purchasing an additional 8,141 shares in the last quarter. Wealth Management Resources Inc. grew its position in Exxon Mobil by 27.5% in the 4th quarter. Wealth Management Resources Inc. now owns 2,325 shares of the oil and gas company’s stock valued at $233,000 after purchasing an additional 501 shares during the period. SFG Wealth Management LLC. lifted its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. SFG Wealth Management LLC. now owns 8,977 shares of the oil and gas company’s stock valued at $897,000 after buying an additional 106 shares in the last quarter. Finally, Blackhawk Capital Partners LLC. increased its position in shares of Exxon Mobil by 8.1% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 34,242 shares of the oil and gas company’s stock worth $3,424,000 after acquiring an additional 2,568 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on XOM shares. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Mizuho lifted their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, TD Cowen increased their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.47.
Get Our Latest Report on XOMExxon Mobil Stock Up 0.6 %
Shares of NYSE:XOM opened at $116.95 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $120.70. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $106.11 and its 200-day moving average price is $105.89. The stock has a market capitalization of $464.04 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.40 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. Exxon Mobil’s payout ratio is presently 42.74%.
Insider Activity at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,400 shares of the business’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 transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by company insiders.
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.
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