United Asset Strategies Inc. Raises Position in Exxon Mobil Co. (NYSE:XOM)

United Asset Strategies Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 36.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,143 shares of the oil and gas company’s stock after acquiring an additional 14,971 shares during the quarter. United Asset Strategies Inc.’s holdings in Exxon Mobil were worth $5,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XOM. KB Financial Partners LLC bought a new position in Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. increased its stake in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. increased its stake in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the last quarter. Finally, Studio Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $49,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Shares of XOM stock opened at $118.63 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a fifty day moving average price of $110.89 and a 200-day moving average price of $106.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market cap of $469.57 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 EPS. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. UBS Group increased their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen raised their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company raised their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.