SageOak Financial LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

SageOak Financial LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,748 shares of the oil and gas company’s stock, valued at approximately $1,371,000. Exxon Mobil makes up approximately 1.3% of SageOak Financial LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in XOM. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after acquiring an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Exxon Mobil by 13,899.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 1,875,320 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after acquiring an additional 1,776,848 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

XOM stock opened at $113.61 on Wednesday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $492.95 billion, a P/E ratio of 14.49, a PEG ratio of 3.02 and a beta of 0.83. The business’s 50-day moving average price is $109.56 and its 200-day moving average price is $113.57.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm earned $2.48 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now 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 legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Morgan Stanley lifted their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

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.