Peirce Capital Management LLC Buys Shares of 4,220 Exxon Mobil Co. (NYSE:XOM)

Peirce Capital Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,220 shares of the oil and gas company’s stock, valued at approximately $422,000. Exxon Mobil makes up about 0.3% of Peirce Capital Management LLC’s investment portfolio, making the stock its 28th largest position.

Several other large investors also recently made changes to their positions in the stock. KB Financial Partners LLC acquired a new stake in Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. raised its position in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $43,000. Turim 21 Investimentos Ltda. raised its position in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, Studio Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $49,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 0.1 %

XOM opened at $118.63 on Thursday. The company’s 50 day moving average is $110.89 and its 200-day moving average is $106.22. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a market cap of $469.57 billion, a P/E ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period last year, the company earned $3.40 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.20%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

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.