Centric Wealth Management Buys 13,352 Shares of Exxon Mobil Co. (NYSE:XOM)

Centric Wealth Management grew its stake in Exxon Mobil Co. (NYSE:XOM) by 119.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,495 shares of the oil and gas company’s stock after purchasing an additional 13,352 shares during the quarter. Centric Wealth Management’s holdings in Exxon Mobil were worth $2,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Financial Advisors Inc boosted its position in shares of Exxon Mobil by 2.1% during the fourth quarter. Northern Financial Advisors Inc now owns 22,009 shares of the oil and gas company’s stock valued at $2,200,000 after purchasing an additional 453 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Exxon Mobil by 7.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 124,905 shares of the oil and gas company’s stock valued at $12,488,000 after buying an additional 8,911 shares during the period. Apollon Wealth Management LLC grew its position in shares of Exxon Mobil by 20.5% in the 4th quarter. Apollon Wealth Management LLC now owns 131,620 shares of the oil and gas company’s stock worth $13,159,000 after buying an additional 22,405 shares during the period. Lincoln National Corp increased its stake in shares of Exxon Mobil by 2.9% in the 4th quarter. Lincoln National Corp now owns 168,099 shares of the oil and gas company’s stock worth $16,807,000 after acquiring an additional 4,777 shares in the last quarter. Finally, Fielder Capital Group LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $2,197,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho reiterated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Piper Sandler boosted 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. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.18.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.31 during mid-day trading on Wednesday, hitting $115.86. 9,428,664 shares of the company traded hands, compared to its average volume of 18,714,824. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $115.15 and its 200-day moving average price is $106.95. The firm has a market cap of $456.84 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a one year low of $95.77 and a one year 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 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.83 EPS. Research analysts anticipate that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the business’s 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 completion of the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Company 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.