Allen Mooney & Barnes Investment Advisors LLC Purchases 2,348 Shares of Exxon Mobil Co. (NYSE:XOM)

Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,077 shares of the oil and gas company’s stock after acquiring an additional 2,348 shares during the period. Exxon Mobil comprises 2.9% of Allen Mooney & Barnes Investment Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Exxon Mobil were worth $15,405,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC purchased a new stake in Exxon Mobil during the 1st quarter worth about $27,000. IMA Wealth Inc. increased its holdings in Exxon Mobil by 720.0% during 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 during the period. FWL Investment Management LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $43,000. Turim 21 Investimentos Ltda. increased its holdings in Exxon Mobil by 222.5% during 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 during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in Exxon Mobil during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Exxon Mobil Trading Up 2.0 %

NYSE:XOM opened at $119.32 on Wednesday. The stock’s 50 day moving average price is $106.51 and its 200 day moving average price is $105.88. The company has a market capitalization of $473.44 billion, a PE ratio of 13.42, a P/E/G ratio of 4.26 and a beta of 0.96. 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 posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the firm earned $3.40 EPS. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. Exxon Mobil’s payout ratio is 42.74%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Piper Sandler cut their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Mizuho upped their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, UBS Group dropped their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.47.

Get Our Latest Stock Analysis on Exxon Mobil

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.

Featured Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.