NTV Asset Management LLC Purchases 636 Shares of Exxon Mobil Co. (NYSE:XOM)

NTV Asset Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,740 shares of the oil and gas company’s stock after purchasing an additional 636 shares during the period. Exxon Mobil makes up about 1.0% of NTV Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding. NTV Asset Management LLC’s holdings in Exxon Mobil were worth $7,717,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the fourth quarter worth $48,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XOM shares. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 0.1 %

Exxon Mobil stock opened at $110.30 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a 50-day simple moving average of $108.60 and a 200 day simple moving average of $114.53. The stock has a market capitalization of $484.76 billion, a P/E ratio of 14.07, a PEG ratio of 2.91 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $102.64 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 in the prior year, the company earned $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.