Allen Capital Group LLC Acquires 1,034 Shares of Exxon Mobil Co. (NYSE:XOM)

Allen Capital Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,115 shares of the oil and gas company’s stock after purchasing an additional 1,034 shares during the period. Allen Capital Group LLC’s holdings in Exxon Mobil were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. lifted its stake in 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 acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $43,000. Studio Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $49,000. Finally, Turim 21 Investimentos Ltda. lifted its stake in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on XOM shares. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. UBS Group increased their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Price Performance

NYSE:XOM opened at $118.46 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a market cap of $468.90 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The firm’s 50-day simple moving average is $111.18 and its 200 day simple moving average is $106.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period last year, the firm earned $3.40 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.06% of the company’s stock.

About Exxon Mobil

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.