1900 Wealth Management LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

1900 Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,444 shares of the oil and gas company’s stock after buying an additional 5,228 shares during the quarter. 1900 Wealth Management LLC’s holdings in Exxon Mobil were worth $3,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth $54,000. Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil in the third quarter valued at $63,000. Finally, Annapolis Financial Services LLC boosted its holdings in Exxon Mobil by 284.9% in the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

XOM stock opened at $108.87 on Monday. The company has a market capitalization of $478.49 billion, a P/E ratio of 13.89, a PEG ratio of 2.94 and a beta of 0.89. The firm has a 50 day simple moving average of $109.41 and a 200-day simple moving average of $114.97. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company posted $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value 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. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Piper Sandler cut their target price 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. Finally, The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.