Main Street Financial Solutions LLC Has $7.46 Million Position in Exxon Mobil Co. (NYSE:XOM)

Main Street Financial Solutions LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,310 shares of the oil and gas company’s stock after acquiring an additional 1,800 shares during the period. Exxon Mobil makes up about 0.7% of Main Street Financial Solutions LLC’s portfolio, making the stock its 29th biggest holding. Main Street Financial Solutions LLC’s holdings in Exxon Mobil were worth $7,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the last quarter. McIlrath & Eck LLC boosted its stake in Exxon Mobil by 7.4% in the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company’s stock valued at $657,000 after buying an additional 387 shares in the last quarter. Passumpsic Savings Bank grew its position in Exxon Mobil by 50.5% in the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 1,214 shares during the last quarter. Advisory Resource Group raised its stake in Exxon Mobil by 3.0% during the third quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company’s stock worth $5,123,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Diamant Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 0.9% in the third quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company’s stock worth $1,518,000 after acquiring an additional 120 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $103.08 on Wednesday. The business has a 50-day moving average price of $110.10 and a two-hundred day moving average price of $113.03. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $445.85 billion, a P/E ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the firm posted $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil’s payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.75.

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.