Integras Partners LLC Invests $2.79 Million in Exxon Mobil Co. (NYSE:XOM)

Integras Partners LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,950 shares of the oil and gas company’s stock, valued at approximately $2,792,000. Exxon Mobil accounts for approximately 2.4% of Integras Partners LLC’s portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter valued at about $47,000. Finally, Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter valued at about $51,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.5 %

NYSE:XOM opened at $108.58 on Friday. The stock’s fifty day moving average price is $109.26 and its two-hundred day moving average price is $113.73. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. 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 company has a market cap of $471.14 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 period last year, the company posted $2.48 EPS. On average, analysts anticipate 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 was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One research 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.