CWA Asset Management Group LLC increased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,625 shares of the oil and gas company’s stock after buying an additional 5,716 shares during the quarter. CWA Asset Management Group LLC’s holdings in Exxon Mobil were worth $3,488,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in XOM. Wealthquest Corp grew its holdings in shares of Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after acquiring an additional 89 shares during the period. FourThought Financial LLC boosted its stake in Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after purchasing an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC boosted its stake in Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares during the last quarter. Blooom Inc. boosted its stake in Exxon Mobil by 0.8% during the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after purchasing an additional 97 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Exxon Mobil Trading Down 1.2 %
Shares of Exxon Mobil stock opened at $99.84 on Friday. The firm has a market cap of $406.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.09. The business has a 50-day moving average price of $111.74 and a 200-day moving average price of $106.43. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a twelve month low of $78.10 and a twelve month high of $119.63.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.65%. Exxon Mobil’s dividend payout ratio is currently 27.45%.
Wall Street Analyst Weigh In
XOM has been the topic of several research analyst reports. Piper Sandler lowered their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Citigroup increased their price target on Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, Wells Fargo & Company raised their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $121.64.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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