Albion Financial Group UT Raises Position in Exxon Mobil Co. (NYSE:XOM) - Defense World

Albion Financial Group UT grew its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,055 shares of the oil and gas company’s stock after acquiring an additional 813 shares during the period. Albion Financial Group UT’s holdings in Exxon Mobil were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of XOM. Partnership Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $80,000. Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil during the fourth quarter worth $80,000. Finally, Orion Capital Management LLC purchased a new position in Exxon Mobil in the third quarter valued at $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were 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 $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Check Out Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.76 on Friday. The stock’s 50-day moving average price is $114.88 and its 200 day moving average price is $109.95. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $452.50 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 4.15 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the firm posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.23 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was 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 currently 46.57%.

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.