Garrison Asset Management LLC Acquires 150 Shares of Exxon Mobil Co. (NYSE:XOM)

Garrison Asset Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 7,979 shares of the oil and gas company’s stock after purchasing an additional 150 shares during the period. Garrison Asset Management LLC’s holdings in Exxon Mobil were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the fourth quarter worth $80,000. Orion Capital Management LLC bought a new stake in Exxon Mobil in the third quarter worth $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil in the third quarter worth $92,000. TFO Wealth Partners LLC lifted its stake in Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its stake in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Mizuho reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 0.4 %

NYSE:XOM opened at $121.05 on Wednesday. The company’s 50 day moving average price is $112.29 and its 200-day moving average price is $106.41. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market cap of $479.15 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 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 for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the prior year, the company posted $3.40 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.14%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Exxon Mobil 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.