Naples Global Advisors LLC Purchases 860 Shares of Exxon Mobil Co. (NYSE:XOM)

Naples Global Advisors LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,152 shares of the oil and gas company’s stock after buying an additional 860 shares during the period. Exxon Mobil makes up about 0.8% of Naples Global Advisors LLC’s portfolio, making the stock its 24th largest position. Naples Global Advisors LLC’s holdings in Exxon Mobil were worth $8,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Exxon Mobil by 1.9% during the 4th quarter. Van ECK Associates Corp now owns 770,750 shares of the oil and gas company’s stock valued at $82,910,000 after buying an additional 14,323 shares in the last quarter. Retirement Guys Formula LLC grew its stake in shares of Exxon Mobil by 16.7% during the fourth quarter. Retirement Guys Formula LLC now owns 8,031 shares of the oil and gas company’s stock worth $864,000 after acquiring an additional 1,152 shares during the last quarter. Avion Wealth raised its position in shares of Exxon Mobil by 10.4% in the 4th quarter. Avion Wealth now owns 24,377 shares of the oil and gas company’s stock valued at $2,622,000 after purchasing an additional 2,302 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Exxon Mobil by 3.7% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 205,231 shares of the oil and gas company’s stock worth $22,077,000 after purchasing an additional 7,336 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its position in Exxon Mobil by 2.6% during the 4th quarter. Great Lakes Retirement Inc. now owns 13,307 shares of the oil and gas company’s stock worth $1,431,000 after purchasing an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

NYSE:XOM opened at $108.17 on Friday. The company has a fifty day moving average of $108.78 and a two-hundred day moving average of $114.73. Exxon Mobil Co. has a fifty-two week low of $100.60 and a fifty-two week high of $126.34. The stock 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 debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend 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.