Bouchey Financial Group Ltd bought a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,251 shares of the oil and gas company’s stock, valued at approximately $248,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CTC Capital Management LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter worth $1,807,000. WMG Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 108 shares during the last quarter. Polaris Wealth Advisory Group LLC increased its holdings in shares of Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after buying an additional 200,102 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $246,000. Finally, Accurate Wealth Management LLC increased its holdings in shares of Exxon Mobil by 4.7% during the 4th quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after buying an additional 2,859 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on XOM. Bank of America upped their price objective on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Piper Sandler dropped their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Wells Fargo & Company increased their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Cowen increased their price target on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, B. Riley raised their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.64.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.96 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.
Insider Buying and Selling at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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