Atala Financial Inc Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Atala Financial Inc purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,887 shares of the oil and gas company’s stock, valued at approximately $311,000.

A number of other institutional investors have also modified their holdings of the company. Integras Partners LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $2,792,000. Whitegate Investment Counselors Inc. increased its position in Exxon Mobil by 3.1% during the 4th quarter. Whitegate Investment Counselors Inc. now owns 6,956 shares of the oil and gas company’s stock valued at $748,000 after buying an additional 210 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $17,301,000. JPL Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $4,043,000. Finally, Phillips Financial Management LLC raised its stake in Exxon Mobil by 10.8% in the 4th quarter. Phillips Financial Management LLC now owns 2,342 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 229 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated 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. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $108.58 on Friday. 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 market capitalization of $471.14 billion, a PE ratio of 13.85, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a fifty day moving average of $109.26 and a two-hundred day moving average of $113.73.

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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company posted $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Analyst Ratings Changes

Several analysts have weighed in on the company. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.