Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Royal Harbor Partners LLC

Royal Harbor Partners LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,084 shares of the oil and gas company’s stock after purchasing an additional 869 shares during the period. Exxon Mobil comprises 0.4% of Royal Harbor Partners LLC’s investment portfolio, making the stock its 28th biggest position. Royal Harbor Partners LLC’s holdings in Exxon Mobil were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Chung Wu Investment Group LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $1,643,000. Freestone Capital Holdings LLC grew its holdings in Exxon Mobil by 0.9% during the 4th quarter. Freestone Capital Holdings LLC now owns 175,511 shares of the oil and gas company’s stock worth $18,880,000 after acquiring an additional 1,641 shares in the last quarter. SP Asset Management LLC increased its position in shares of Exxon Mobil by 0.8% in the 4th quarter. SP Asset Management LLC now owns 78,059 shares of the oil and gas company’s stock valued at $8,397,000 after purchasing an additional 636 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Exxon Mobil by 1.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 86,350 shares of the oil and gas company’s stock valued at $9,289,000 after purchasing an additional 822 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. lifted its position in shares of Exxon Mobil by 3.7% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 61,472 shares of the oil and gas company’s stock worth $6,613,000 after purchasing an additional 2,185 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.0 %

Shares of Exxon Mobil stock opened at $107.52 on Friday. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a market cap of $466.54 billion, a P/E ratio of 13.71, a PEG ratio of 3.02 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. The firm has a fifty day moving average of $109.00 and a two-hundred day moving average of $113.94.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm earned $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

Several research firms recently commented on XOM. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial lifted their target price on 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

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.