Aprio Wealth Management LLC Increases Position in Exxon Mobil Corporation $XOM

Aprio Wealth Management LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 33.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,487 shares of the oil and gas company’s stock after purchasing an additional 4,650 shares during the period. Aprio Wealth Management LLC’s holdings in Exxon Mobil were worth $2,084,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in XOM. Maryland State Retirement & Pension System raised its holdings in Exxon Mobil by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after purchasing an additional 5,573 shares during the period. Linscomb Wealth Inc. grew its holdings in Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Exxon Mobil by 3.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after buying an additional 9,831 shares in the last quarter. Capital Counsel LLC NY raised its stake in shares of Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after buying an additional 460 shares during the period. Finally, HORAN Wealth LLC lifted its position in shares of Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after buying an additional 5,788 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $152.55 on Friday. The company has a market cap of $635.62 billion, a P/E ratio of 22.80, a P/E/G ratio of 15.82 and a beta of 0.39. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm’s fifty day moving average is $135.64 and its two-hundred day moving average is $121.67.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XOM shares. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Citigroup raised their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada lifted their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Piper Sandler cut their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Bank of America boosted their price objective on Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $140.59.

Exxon Mobil Company Profile

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.