Guyasuta Investment Advisors Inc. Increases Position in Exxon Mobil Co. (NYSE:XOM)

Guyasuta Investment Advisors Inc. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 119,438 shares of the oil and gas company’s stock after buying an additional 5,658 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Exxon Mobil were worth $11,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Orion Capital Management LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $91,000. Authentikos Wealth Advisory LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $92,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $80,000. Sumitomo Mitsui Financial Group Inc. increased its position 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 purchasing an additional 792 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its position 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 worth $104,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company upped their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $1.57 during trading hours on Monday, reaching $119.53. The stock had a trading volume of 9,517,745 shares, compared to its average volume of 18,104,803. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a 50-day simple moving average of $113.33 and a 200-day simple moving average of $106.64. The firm has a market capitalization of $473.13 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.83 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business 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 dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

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.