Oak Harbor Wealth Partners LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Oak Harbor Wealth Partners LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,745 shares of the oil and gas company’s stock after buying an additional 345 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Exxon Mobil were worth $1,274,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Tower Bridge Advisors grew its holdings in shares of Exxon Mobil by 1.6% in the 3rd quarter. Tower Bridge Advisors now owns 51,350 shares of the oil and gas company’s stock worth $6,038,000 after acquiring an additional 786 shares during the period. Vanguard Capital Wealth Advisors acquired a new stake in Exxon Mobil in the third quarter valued at $548,000. AIA Group Ltd purchased a new position in shares of Exxon Mobil in the third quarter valued at $2,884,000. Daiwa Securities Group Inc. raised its stake in shares of Exxon Mobil by 0.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 391,667 shares of the oil and gas company’s stock worth $45,870,000 after buying an additional 3,681 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its position in shares of Exxon Mobil by 0.7% in the 3rd quarter. Confluence Wealth Services Inc. now owns 51,307 shares of the oil and gas company’s stock worth $6,033,000 after buying an additional 344 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 1.2 %

NYSE:XOM traded down $1.41 on Thursday, hitting $114.07. 6,130,727 shares of the stock were exchanged, compared to its average volume of 18,358,877. The stock has a fifty day moving average of $117.59 and a 200-day moving average of $107.76. The stock has a market cap of $449.78 billion, a PE ratio of 14.07, a PEG ratio of 4.10 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business 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 company posted $2.83 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 9.57 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. Investors of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Truist Financial raised their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

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.