Navigoe LLC Purchases New Stake in Exxon Mobil Co. (NYSE:XOM)

Navigoe LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,074 shares of the oil and gas company’s stock, valued at approximately $115,000.

A number of other hedge funds have also made changes to their positions in XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, HSBC cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.50.

Exxon Mobil Trading Down 0.2 %

NYSE:XOM opened at $108.37 on Wednesday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50 day simple moving average of $109.64 and a 200 day simple moving average of $112.00. The firm has a market capitalization of $468.73 billion, a P/E ratio of 13.82, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last released its quarterly 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 quarter in the prior year, the business posted $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.