Richard P Slaughter Associates Inc Has $1.33 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Richard P Slaughter Associates Inc raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 67.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,028 shares of the oil and gas company’s stock after buying an additional 4,832 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Exxon Mobil were worth $1,327,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC lifted its holdings in shares of Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares during the last quarter. Align Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Horizons Wealth Management acquired a new position in shares of Exxon Mobil in the second quarter valued at $41,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. HSBC upped their target price on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Barclays upped their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Piper Sandler cut their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. StockNews.com started coverage on Exxon Mobil in a research note on Thursday. They set a “hold” rating for the company. Finally, B. Riley increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.64.

Exxon Mobil Price Performance

Shares of XOM opened at $99.84 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 1 year low of $78.10 and a 1 year high of $119.63. The stock has a market cap of $406.45 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.09. The stock’s 50-day moving average price is $111.74 and its two-hundred day moving average price is $106.43.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.

About Exxon Mobil

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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.