Global Retirement Partners LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Global Retirement Partners LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 84,439 shares of the oil and gas company’s stock after buying an additional 3,115 shares during the quarter. Global Retirement Partners LLC’s holdings in Exxon Mobil were worth $9,083,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $46,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $48,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $54,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Scotiabank dropped their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’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 approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 1.2 %

Shares of Exxon Mobil stock opened at $110.67 on Friday. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $108.60 and its 200 day moving average is $114.49. The company has a market cap of $486.39 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company 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 $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.58%. Exxon Mobil’s payout ratio is 50.51%.

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.