Creative Financial Designs Inc. ADV Has $1.22 Million Position in Exxon Mobil Co. (NYSE:XOM)

Creative Financial Designs Inc. ADV lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 49.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,303 shares of the oil and gas company’s stock after selling 11,171 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Exxon Mobil were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of XOM. Principal Financial Group Inc. grew its holdings in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after acquiring an additional 521,932 shares during the period. United Bank grew its holdings in shares of Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the period. Glass Wealth Management Co LLC grew its holdings in shares of Exxon Mobil by 2.9% in the 3rd quarter. Glass Wealth Management Co LLC now owns 66,987 shares of the oil and gas company’s stock valued at $7,852,000 after buying an additional 1,914 shares during the period. TrinityPoint Wealth LLC grew its holdings in shares of Exxon Mobil by 0.7% in the 3rd quarter. TrinityPoint Wealth LLC now owns 43,492 shares of the oil and gas company’s stock valued at $5,098,000 after buying an additional 285 shares during the period. Finally, Aljian Capital Management LLC grew its holdings in shares of Exxon Mobil by 235.6% in the 3rd quarter. Aljian Capital Management LLC now owns 12,080 shares of the oil and gas company’s stock valued at $1,416,000 after buying an additional 8,480 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.7 %

Shares of NYSE:XOM opened at $113.79 on Tuesday. The company’s 50-day moving average price is $109.47 and its two-hundred day moving average price is $113.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The stock has a market capitalization of $493.74 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter in the prior year, the firm earned $2.48 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.48%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. 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 decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

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.