Wendell David Associates Inc. Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Wendell David Associates Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 101,439 shares of the oil and gas company’s stock after buying an additional 250 shares during the period. Wendell David Associates Inc.’s holdings in Exxon Mobil were worth $10,142,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $27,000. IMA Wealth Inc. raised its stake in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $43,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Exxon Mobil during the third quarter worth approximately $49,000. Finally, Studio Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on XOM

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 2.0 %

Exxon Mobil stock opened at $119.32 on Wednesday. The company has a 50-day simple moving average of $106.51 and a 200-day simple moving average of $105.88. The firm 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. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70.

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

Exxon Mobil Dividend Announcement

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

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.

Read More

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.