Bard Financial Services Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,140 shares of the oil and gas company’s stock after selling 595 shares during the quarter. Exxon Mobil accounts for 1.1% of Bard Financial Services Inc.’s portfolio, making the stock its 23rd largest position. Bard Financial Services Inc.’s holdings in Exxon Mobil were worth $12,479,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC lifted its stake in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares during the last quarter. Align Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $38,000. Mine & Arao Wealth Creation & Management LLC. grew its stake in shares of 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 during the last quarter. Finally, Horizons Wealth Management purchased a new position in shares of Exxon Mobil in the second quarter worth about $41,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 9.98 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Analyst Ratings Changes
Several equities analysts recently issued reports on XOM shares. Bank of America raised 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. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Mizuho upped their price target on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.64.
Exxon Mobil Company Profile
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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