Financial Management Network Inc. Purchases 97 Shares of Exxon Mobil Co. (NYSE:XOM)

Financial Management Network Inc. raised its position in Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 8,441 shares of the oil and gas company’s stock after buying an additional 97 shares during the period. Financial Management Network Inc.’s holdings in Exxon Mobil were worth $910,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XOM. Litman Gregory Wealth Management LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $340,000. Sterling Investment Counsel LLC boosted its holdings in shares of Exxon Mobil by 47.0% in the third quarter. Sterling Investment Counsel LLC now owns 5,367 shares of the oil and gas company’s stock valued at $629,000 after buying an additional 1,717 shares during the period. Sprinkle Financial Consultants LLC increased its position in shares of Exxon Mobil by 6.7% during the third quarter. Sprinkle Financial Consultants LLC now owns 3,713 shares of the oil and gas company’s stock worth $435,000 after acquiring an additional 232 shares in the last quarter. Detalus Advisors LLC raised its holdings in shares of Exxon Mobil by 14.5% during the third quarter. Detalus Advisors LLC now owns 4,386 shares of the oil and gas company’s stock worth $514,000 after acquiring an additional 554 shares during the period. Finally, Eagle Bay Advisors LLC lifted its position in Exxon Mobil by 1.4% in the 3rd quarter. Eagle Bay Advisors LLC now owns 19,982 shares of the oil and gas company’s stock valued at $2,342,000 after acquiring an additional 271 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value 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. The trade was a 10.40 % decrease in their position. The transaction 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 opened at $110.67 on Friday. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The stock has a 50 day moving average of $108.60 and a 200-day moving average of $114.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $486.39 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.