Olistico Wealth LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,414 shares of the oil and gas company’s stock after acquiring an additional 172 shares during the quarter. Olistico Wealth LLC’s holdings in Exxon Mobil were worth $541,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $46,000. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $80,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil during the third quarter valued at about $91,000. Authentikos Wealth Advisory LLC purchased a new position in Exxon Mobil during the third quarter worth about $92,000. Finally, Sumitomo Mitsui Financial Group Inc. grew its position in Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, Truist Financial increased their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.00.
Get Our Latest Research Report on XOMExxon Mobil Stock Up 1.3 %
Shares of NYSE XOM opened at $114.88 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $117.74 and a 200-day moving average of $108.07. The firm has a market capitalization of $452.97 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 3.95 and a beta of 0.96. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.83 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s payout ratio is 46.57%.
Insiders Place Their Bets
In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.
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.
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