Avior Wealth Management LLC Has $5.78 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Avior Wealth Management LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,853 shares of the oil and gas company’s stock after acquiring an additional 10,277 shares during the period. Avior Wealth Management LLC’s holdings in Exxon Mobil were worth $5,784,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $27,000. IMA Wealth Inc. increased 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 valued at $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $43,000. Turim 21 Investimentos Ltda. lifted its position in shares of 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 during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at about $49,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on XOM shares. Wells Fargo & Company boosted their target price on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Mizuho restated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated 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 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Shares of XOM stock opened at $118.46 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a market cap of $468.90 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96. The stock has a 50-day moving average of $111.18 and a 200-day moving average of $106.30.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $3.40 EPS. On average, equities research analysts forecast 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. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Exxon Mobil 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.