New Republic Capital LLC Purchases 510 Shares of Exxon Mobil Co. (NYSE:XOM)

New Republic Capital LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,038 shares of the oil and gas company’s stock after purchasing an additional 510 shares during the period. New Republic Capital LLC’s holdings in Exxon Mobil were worth $650,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XOM. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter worth $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil in the 4th quarter valued at $48,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $54,000. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Mizuho lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on 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, Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $108.17 on Friday. Exxon Mobil Co. has a twelve month low of $100.60 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $475.42 billion, a P/E ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. The business’s 50-day moving average price is $108.88 and its two-hundred day moving average price is $114.78.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 in the prior year, the business earned $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.66%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.