MJP Associates Inc. ADV Buys 1,957 Shares of Exxon Mobil Co. (NYSE:XOM)

MJP Associates Inc. ADV raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 37.4% in the fourth quarter, Holdings Channel reports. The fund owned 7,184 shares of the oil and gas company’s stock after acquiring an additional 1,957 shares during the period. MJP Associates Inc. ADV’s holdings in Exxon Mobil were worth $718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. increased its holdings in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. lifted its holdings in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new position in Exxon Mobil in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler reduced their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Finally, TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Exxon Mobil Stock Up 1.1 %

NYSE:XOM opened at $116.24 on Friday. The firm has a market capitalization of $461.22 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70. The stock’s 50 day moving average price is $105.34 and its two-hundred day moving average price is $105.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.40 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is 42.74%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.