Stonebrook Private Inc. Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Stonebrook Private Inc. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,622 shares of the oil and gas company’s stock, valued at approximately $462,000.

Several other hedge funds have also recently bought and sold shares of XOM. Orion Capital Management LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $91,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $92,000. Keener Financial Planning LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $80,000. Sumitomo Mitsui Financial Group Inc. boosted its holdings 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 acquiring an additional 792 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Exxon Mobil by 118.5% in 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 during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Piper Sandler raised their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Down 2.8 %

NYSE:XOM opened at $117.96 on Monday. The firm has a market capitalization of $466.92 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock’s 50 day moving average price is $113.33 and its two-hundred day moving average price is $106.64. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $2.83 EPS. Equities research analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid 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 currently 46.57%.

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.