Briaud Financial Planning Inc Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Briaud Financial Planning Inc lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 12,285 shares of the oil and gas company’s stock after purchasing an additional 266 shares during the period. Exxon Mobil accounts for about 1.0% of Briaud Financial Planning Inc’s holdings, making the stock its 6th largest position. Briaud Financial Planning Inc’s holdings in Exxon Mobil were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XOM. Gould Asset Management LLC CA grew its holdings in Exxon Mobil by 70.4% during the 4th quarter. Gould Asset Management LLC CA now owns 7,651 shares of the oil and gas company’s stock worth $765,000 after acquiring an additional 3,160 shares in the last quarter. New Jersey Better Educational Savings Trust grew its stake in shares of Exxon Mobil by 3.6% during the 4th quarter. New Jersey Better Educational Savings Trust now owns 8,164 shares of the oil and gas company’s stock worth $816,000 after purchasing an additional 281 shares during the period. Van Cleef Asset Management Inc grew its stake in shares of Exxon Mobil by 2.4% during the 4th quarter. Van Cleef Asset Management Inc now owns 159,725 shares of the oil and gas company’s stock worth $15,969,000 after purchasing an additional 3,727 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Exxon Mobil by 2.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,112,782 shares of the oil and gas company’s stock worth $111,256,000 after purchasing an additional 22,960 shares during the period. Finally, VCI Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $246,000. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XOM shares. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen lifted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Truist Financial lifted their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Trading Down 2.8 %

Shares of XOM opened at $117.96 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $113.33 and its two-hundred day moving average is $106.67. The stock has a market cap of $466.92 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Exxon Mobil 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.