Exxon Mobil Co. (NYSE:XOM) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,642 shares of the oil and gas company’s stock after purchasing an additional 662 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Exxon Mobil were worth $664,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $80,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC lifted its stake in 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 valued at $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its holdings in Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after buying an additional 792 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following 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 SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XOM shares. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. 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 research report on Thursday, April 18th. Truist Financial boosted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company raised their target price on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Barclays began coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Down 2.8 %

NYSE XOM opened at $117.96 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock’s 50-day moving average is $113.33 and its 200-day moving average is $106.64. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market cap of $466.92 billion, a P/E ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96.

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 analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during 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%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.83 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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 of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s payout ratio is currently 46.57%.

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.