PDS Planning Inc Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

PDS Planning Inc increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,841 shares of the oil and gas company’s stock after buying an additional 3,049 shares during the period. PDS Planning Inc’s holdings in Exxon Mobil were worth $2,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. OneAscent Financial Services LLC raised its position in shares of Exxon Mobil by 44.0% in the third quarter. OneAscent Financial Services LLC now owns 7,623 shares of the oil and gas company’s stock worth $896,000 after buying an additional 2,331 shares in the last quarter. Courier Capital LLC raised its position in Exxon Mobil by 1.9% during the third quarter. Courier Capital LLC now owns 97,244 shares of the oil and gas company’s stock valued at $11,434,000 after purchasing an additional 1,770 shares in the last quarter. Reliant Investment Management LLC raised its position in Exxon Mobil by 9.4% during the third quarter. Reliant Investment Management LLC now owns 8,638 shares of the oil and gas company’s stock valued at $1,016,000 after purchasing an additional 744 shares in the last quarter. City Holding Co. raised its position in Exxon Mobil by 3.2% during the third quarter. City Holding Co. now owns 74,884 shares of the oil and gas company’s stock valued at $8,805,000 after purchasing an additional 2,347 shares in the last quarter. Finally, CMH Wealth Management LLC purchased a new stake in Exxon Mobil during the third quarter valued at about $459,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

NYSE XOM opened at $121.05 on Wednesday. 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 stock has a market capitalization of $479.15 billion, a PE ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The business’s 50-day moving average is $112.29 and its 200 day moving average is $106.41.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the firm earned $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XOM shares. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Truist Financial raised their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, 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. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.28.

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.