Physicians Financial Services Inc. grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,922 shares of the oil and gas company’s stock after purchasing an additional 100 shares during the period. Physicians Financial Services Inc.’s holdings in Exxon Mobil were worth $207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $51,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $48,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the third quarter worth $54,000. 61.80% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 business earned $2.48 earnings per share. As a group, sell-side 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. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on XOM. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.25.
Read Our Latest Stock Analysis on XOM
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.
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