Magnus Financial Group LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 32,521 shares of the oil and gas company’s stock after buying an additional 1,780 shares during the period. Magnus Financial Group LLC’s holdings in Exxon Mobil were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC grew its stake 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 buying an additional 272 shares during the last quarter. Align Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. grew its stake in Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in Exxon Mobil during the 3rd quarter worth $44,000. 57.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on XOM shares. Truist Financial upped their price objective on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. StockNews.com started coverage on Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating for the company. 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 research note on Wednesday, February 1st. Finally, Cowen increased their price target on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.61.
Exxon Mobil Trading Down 1.4 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same period in the prior year, the business posted $2.05 earnings per share. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 9.9 EPS for the current 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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Wednesday, February 1st. The stock was 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 of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.
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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