Millstone Evans Group LLC Buys New Shares in Exxon Mobil Co. (NYSE:XOM)

Millstone Evans Group LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,465 shares of the oil and gas company’s stock, valued at approximately $695,000.

Several other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Exxon Mobil by 14.4% in 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 purchasing an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Exxon Mobil by 1,524.1% in 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 purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Exxon Mobil by 16.3% in 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 purchasing an additional 4,415,012 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Exxon Mobil by 13,899.5% in 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 purchasing an additional 1,875,320 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in Exxon Mobil by 11,131.0% in 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 purchasing an additional 1,776,848 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on XOM. Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Stock Down 0.5 %

XOM stock opened at $115.30 on Friday. The company has a market cap of $500.29 billion, a price-to-earnings ratio of 14.71, a PEG 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 Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The firm has a 50-day moving average of $110.09 and a two-hundred day moving average of $113.58.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on 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 owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

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.