Matthew Goff Investment Advisor LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,501 shares of the oil and gas company’s stock after selling 570 shares during the period. Matthew Goff Investment Advisor LLC’s holdings in Exxon Mobil were worth $2,702,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Karp Capital Management Corp purchased a new position in Exxon Mobil in the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 169 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in Exxon Mobil during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. HSBC upped their price objective on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Truist Financial increased their price target on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. B. Riley increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Finally, Argus increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $121.64.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. Research analysts forecast that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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