Sterling Financial Planning Inc. Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sterling Financial Planning Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 21.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,131 shares of the oil and gas company’s stock after acquiring an additional 1,961 shares during the period. Sterling Financial Planning Inc.’s holdings in Exxon Mobil were worth $1,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $27,000. IMA Wealth Inc. grew its position in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. raised its position in shares of 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 worth $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $49,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the 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 transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial lifted their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. 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. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.88 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The business’s 50 day moving average price is $111.55 and its 200 day moving average price is $106.27. The company has a market cap of $474.52 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) 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.