Abel Hall LLC Makes New $1.21 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Abel Hall LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,120 shares of the oil and gas company’s stock, valued at approximately $1,212,000. Exxon Mobil accounts for 1.0% of Abel Hall LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $80,000. Neo Ivy Capital Management bought a new stake in Exxon Mobil during the 4th quarter valued at $80,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth $91,000. Finally, Life Planning Partners Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $116,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.93 during trading on Friday, reaching $109.11. 13,313,430 shares of the company traded hands, compared to its average volume of 14,746,104. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm’s fifty day simple moving average is $116.83 and its 200 day simple moving average is $108.80. The stock has a market cap of $430.22 billion, a P/E ratio of 13.37, a PEG ratio of 3.92 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XOM. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Truist Financial reaffirmed a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Finally, HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

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.