Coerente Capital Management Has $980,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Coerente Capital Management boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,802 shares of the oil and gas company’s stock after buying an additional 1,550 shares during the period. Exxon Mobil makes up about 0.2% of Coerente Capital Management’s holdings, making the stock its 26th biggest position. Coerente Capital Management’s holdings in Exxon Mobil were worth $980,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. KB Financial Partners LLC acquired a new position in Exxon Mobil in the 1st quarter worth about $27,000. IMA Wealth Inc. increased its position in 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 during the last quarter. FWL Investment Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $43,000. Turim 21 Investimentos Ltda. increased its position in 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 during the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new position in Exxon Mobil in the 3rd quarter worth about $49,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other 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 value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $119.32 on Wednesday. The stock has a 50 day moving average of $106.51 and a two-hundred day moving average of $105.88. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The company has a market capitalization of $473.44 billion, a P/E ratio of 13.42, a P/E/G ratio of 4.26 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS 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 the consensus estimate of $90.03 billion. During the same quarter last year, the company earned $3.40 EPS. The company’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Mizuho upped their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Piper Sandler decreased their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Finally, UBS Group decreased their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.47.

Read Our Latest Stock Analysis on XOM

Exxon Mobil Company Profile

(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.

See Also

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

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