Golden State Equity Partners Has $1.98 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Golden State Equity Partners grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,776 shares of the oil and gas company’s stock after purchasing an additional 952 shares during the period. Golden State Equity Partners’ holdings in Exxon Mobil were worth $1,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the third quarter worth approximately $91,000. Authentikos Wealth Advisory LLC acquired a new position in Exxon Mobil in the third quarter valued at approximately $92,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $80,000. Sumitomo Mitsui Financial Group Inc. lifted its stake in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 525 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. TD Cowen boosted their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Truist Financial boosted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, UBS Group boosted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Stock Performance

NYSE:XOM traded down $3.37 during trading on Friday, reaching $117.96. The company’s stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The firm has a market cap of $466.92 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a 50 day moving average of $113.33 and a 200-day moving average of $106.67. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

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

Exxon Mobil Dividend Announcement

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.