Eagle Wealth Strategies LLC Invests $3.10 Million in Exxon Mobil Co. (NYSE:XOM)

Eagle Wealth Strategies LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,957 shares of the oil and gas company’s stock, valued at approximately $3,095,000. Exxon Mobil comprises approximately 1.9% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $80,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth about $91,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth about $92,000. TFO Wealth Partners LLC grew its position in shares of Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 792 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were 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 approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. UBS Group upped their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Truist Financial lifted their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Performance

NYSE XOM opened at $117.40 on Monday. The company has a market cap of $464.70 billion, a P/E ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96. The business’s 50 day moving average price is $113.33 and its 200-day moving average price is $106.64. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last announced its 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company posted $2.83 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. Exxon Mobil’s payout ratio is 46.57%.

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.