Exxon Mobil Co. (NYSE:XOM) Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,399 shares of the oil and gas company’s stock after purchasing an additional 1,112 shares during the period. Exxon Mobil makes up approximately 0.7% of Sowell Financial Services LLC’s portfolio, making the stock its 25th biggest holding. Sowell Financial Services LLC’s holdings in Exxon Mobil were worth $13,382,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Argentarii LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $3,683,000. Tilson Financial Group Inc. increased its stake in shares of Exxon Mobil by 0.8% in the 4th quarter. Tilson Financial Group Inc. now owns 33,564 shares of the oil and gas company’s stock valued at $3,610,000 after purchasing an additional 264 shares in the last quarter. OFI Invest Asset Management acquired a new position in Exxon Mobil in the 4th quarter worth about $19,422,000. Kendall Capital Management boosted its position in Exxon Mobil by 24.0% during the fourth quarter. Kendall Capital Management now owns 3,649 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 706 shares in the last quarter. Finally, Coordinated Financial Services Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $502,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $109.05 on Friday. The business’s fifty day moving average price is $109.05 and its 200 day moving average price is $113.87. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The company has a market capitalization of $473.20 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. HSBC decreased their price target 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. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

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 transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, 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 this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.