Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,422 shares of the oil and gas company’s stock after buying an additional 116 shares during the quarter. Cranbrook Wealth Management LLC’s holdings in Exxon Mobil were worth $242,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $27,000. IMA Wealth Inc. increased 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 valued at $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $43,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $49,000. Finally, Studio Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $49,000. 61.80% of the stock is currently 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 firm’s stock in a transaction on 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 in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Mizuho reissued a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Piper Sandler dropped their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.82.

Exxon Mobil Stock Down 0.7 %

Shares of NYSE:XOM opened at $120.55 on Tuesday. The stock has a market cap of $478.32 billion, a P/E ratio of 13.56, a P/E/G ratio of 4.31 and a beta of 0.96. The firm has a fifty day moving average price of $108.40 and a 200 day moving average price of $106.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $122.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.40 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 9.38 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Exxon Mobil Profile

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.