Angeles Wealth Management LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Angeles Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,842 shares of the oil and gas company’s stock after buying an additional 6,364 shares during the period. Angeles Wealth Management LLC’s holdings in Exxon Mobil were worth $3,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XOM. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter valued at $51,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil in the fourth quarter worth about $48,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil in the 3rd quarter worth about $54,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XOM shares. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Down 3.9 %

Exxon Mobil stock opened at $107.37 on Thursday. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The business has a fifty day moving average price of $109.16 and a 200-day moving average price of $114.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $471.90 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.