PFG Advisors Increases Position in Exxon Mobil Co. (NYSE:XOM)

PFG Advisors grew its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,873 shares of the oil and gas company’s stock after acquiring an additional 332 shares during the quarter. PFG Advisors’ holdings in Exxon Mobil were worth $2,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $27,000. IMA Wealth Inc. boosted its position in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $43,000. Turim 21 Investimentos Ltda. boosted its position in shares of Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth $49,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $116.24 on Monday. The stock has a market cap of $461.22 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96. The business has a 50-day simple moving average of $106.11 and a 200-day simple moving average of $105.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Tuesday, January 23rd. Piper Sandler lowered their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.18.

Check Out Our Latest Report on XOM

About Exxon Mobil

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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