Attessa Capital LLC Invests $426,000 in Exxon Mobil Co. (NYSE:XOM)

Attessa Capital LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,961 shares of the oil and gas company’s stock, valued at approximately $426,000. Exxon Mobil accounts for approximately 0.3% of Attessa Capital LLC’s holdings, making the stock its 27th largest position.

Other hedge funds have also made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth approximately $51,000. Compass Financial Services Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $48,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth approximately $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Truist Financial lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.17 on Monday. The firm’s 50-day simple moving average is $108.78 and its 200 day simple moving average is $114.70. Exxon Mobil Co. has a 52 week low of $100.60 and a 52 week high of $126.34. The firm has a market capitalization of $475.42 billion, a PE ratio of 13.80, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company posted $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.