Facet Wealth Inc. Acquires 5,669 Shares of ExxonMobil Corporation $XOM

Facet Wealth Inc. boosted its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 72.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,518 shares of the oil and gas company’s stock after purchasing an additional 5,669 shares during the period. Facet Wealth Inc.’s holdings in ExxonMobil were worth $1,627,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Key Capital Management INC acquired a new stake in shares of ExxonMobil during the fourth quarter worth approximately $28,000. Westfuller Advisors LLC acquired a new stake in shares of ExxonMobil during the third quarter worth approximately $30,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $32,000. DecisionPoint Financial LLC increased its holdings in shares of ExxonMobil by 968.0% in the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 242 shares in the last quarter. Finally, TruNorth Capital Management LLC increased its holdings in shares of ExxonMobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Piper Sandler lowered their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group reaffirmed a “buy” rating and set a $171.00 target price on shares of ExxonMobil in a report on Monday, February 2nd. Barclays boosted their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Jefferies Financial Group boosted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Citigroup upped their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.55.

Get Our Latest Report on XOM

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $150.61 on Wednesday. The company’s 50 day moving average price is $154.83 and its two-hundred day moving average price is $134.65. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41. The firm has a market cap of $626.00 billion, a PE ratio of 22.51, a PEG ratio of 0.71 and a beta of 0.29. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the prior year, the business posted $1.67 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts predict that ExxonMobil Corporation will post 10.5 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio (DPR) is currently 61.58%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 11,460 shares of company stock worth $1,687,854. Company insiders own 0.03% of the company’s stock.

ExxonMobil Company Profile

(Free Report)

ExxonMobil 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.

Featured Stories

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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