Daymark Wealth Partners LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,982 shares of the oil and gas company’s stock, valued at approximately $3,086,000.
Other institutional investors also recently made changes to their positions in the company. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil in the third quarter worth $28,000. Clear Perspectives Financial Planning LLC grew its holdings in Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Horizons Wealth Management bought a new position in shares of Exxon Mobil during the second quarter worth about $41,000. 57.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently weighed in on XOM shares. Bank of America boosted their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Argus upped their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Truist Financial increased their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Finally, Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.
Exxon Mobil Stock Down 1.7 %
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the previous year, the business earned $2.05 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 9.98 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors 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 of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by insiders.
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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