Regent Peak Wealth Advisors LLC Takes $673,000 Position in Exxon Mobil Corporation $XOM

Regent Peak Wealth Advisors LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,966 shares of the oil and gas company’s stock, valued at approximately $673,000.

A number of other large investors also recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the 2nd quarter valued at $38,000. Bare Financial Services Inc increased its holdings in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. 1248 Management LLC purchased a new stake in Exxon Mobil in the 1st quarter worth $40,000. Finally, Clayton Financial Group LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at about $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $119.09 on Monday. The stock has a market cap of $502.20 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 7.49 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a 50 day moving average price of $116.65 and a 200-day moving average price of $113.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on XOM. Piper Sandler boosted their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research note on Monday, December 8th. Jefferies Financial Group upped their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a report on Monday, December 15th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.45.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.