HWG Holdings LP raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 57.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,978 shares of the oil and gas company’s stock after purchasing an additional 8,735 shares during the quarter. Exxon Mobil accounts for about 1.7% of HWG Holdings LP’s investment portfolio, making the stock its 9th biggest position. HWG Holdings LP’s holdings in Exxon Mobil were worth $2,645,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealthquest Corp increased its stake in Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares during the period. Motive Wealth Advisors increased its stake in Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 90 shares during the period. Smart Money Group LLC increased its stake in Exxon Mobil by 3.8% in the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 91 shares during the period. Tarbox Family Office Inc. increased its stake in Exxon Mobil by 1.2% in the fourth quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock valued at $879,000 after acquiring an additional 93 shares during the period. Finally, FourThought Financial LLC increased its stake in Exxon Mobil by 0.3% in the third quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after acquiring an additional 94 shares during the period. Institutional investors own 57.49% of the company’s stock.
Exxon Mobil Trading Down 0.8 %
Shares of NYSE XOM opened at $115.64 on Friday. The company’s 50 day simple moving average is $111.10 and its 200 day simple moving average is $109.61. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The firm has a market capitalization of $469.42 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.
Exxon Mobil Announces Dividend
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 $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is presently 27.45%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred 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 owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on XOM. Argus boosted their price target on shares of 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 boosted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Barclays boosted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Mizuho boosted their price target on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $123.54.
Exxon Mobil 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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