Moneywise Inc. Buys 355 Shares of Exxon Mobil Co. (NYSE:XOM)

Moneywise Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,171 shares of the oil and gas company’s stock after buying an additional 355 shares during the period. Moneywise Inc.’s holdings in Exxon Mobil were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth $27,000. IMA Wealth Inc. boosted its stake in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $43,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil in the 3rd quarter worth $49,000. Finally, Studio Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $49,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.6 %

Shares of NYSE:XOM opened at $119.68 on Tuesday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The business has a 50 day simple moving average of $110.24 and a two-hundred day simple moving average of $106.12. The firm has a market capitalization of $473.72 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.40 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 9.54 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued 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 3.18%. Exxon Mobil’s payout ratio is 42.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XOM. Piper Sandler dropped their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Truist Financial lifted their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Mizuho reiterated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

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.