Cowa LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Cowa LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,158 shares of the oil and gas company’s stock after buying an additional 649 shares during the quarter. Cowa LLC’s holdings in Exxon Mobil were worth $878,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $47,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $48,000. Finally, Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 0.4 %

Shares of XOM opened at $111.18 on Tuesday. The firm has a market cap of $482.42 billion, a P/E ratio of 14.18, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $103.05 and a 1 year high of $126.34. The stock has a 50 day simple moving average of $108.65 and a two-hundred day simple moving average of $114.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 firm posted $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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 issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.