Wealth Architects LLC Has $1.95 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Wealth Architects LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,160 shares of the oil and gas company’s stock after purchasing an additional 4,409 shares during the quarter. Wealth Architects LLC’s holdings in Exxon Mobil were worth $1,953,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Cozad Asset Management Inc. increased its position in shares of Exxon Mobil by 1.5% during the 4th quarter. Cozad Asset Management Inc. now owns 14,525 shares of the oil and gas company’s stock worth $1,562,000 after purchasing an additional 211 shares in the last quarter. Curio Wealth LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $70,000. 1ST Source Bank grew its holdings in Exxon Mobil by 1.6% during the 4th quarter. 1ST Source Bank now owns 61,119 shares of the oil and gas company’s stock worth $6,575,000 after acquiring an additional 958 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its holdings in Exxon Mobil by 1.3% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 10,456 shares of the oil and gas company’s stock worth $1,125,000 after acquiring an additional 130 shares during the last quarter. Finally, TCTC Holdings LLC grew its holdings in Exxon Mobil by 0.4% during the 4th quarter. TCTC Holdings LLC now owns 68,426 shares of the oil and gas company’s stock worth $7,361,000 after acquiring an additional 296 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. HSBC reduced their target price on shares of 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 reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Piper Sandler reduced their target price 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. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” 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 assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 3.0 %

XOM stock opened at $111.98 on Monday. The stock has a market cap of $485.90 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a fifty day moving average price of $109.34 and a two-hundred day moving average price of $113.63. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. 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 (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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

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.