Exxon Mobil Co. (NYSE:XOM) is Pekin Hardy Strauss Inc.’s 6th Largest Position

Pekin Hardy Strauss Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,585 shares of the oil and gas company’s stock after acquiring an additional 500 shares during the quarter. Exxon Mobil accounts for 1.5% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 6th biggest holding. Pekin Hardy Strauss Inc.’s holdings in Exxon Mobil were worth $10,556,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Goldstein Advisors LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at $224,000. SS&H Financial Advisors Inc. acquired a new position in Exxon Mobil during the 3rd quarter valued at about $6,403,000. White Lighthouse Investment Management Inc. increased its position in Exxon Mobil by 10.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 3,499 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 330 shares in the last quarter. UMB Bank n.a. increased its position in Exxon Mobil by 0.5% during the 3rd quarter. UMB Bank n.a. now owns 444,753 shares of the oil and gas company’s stock valued at $52,294,000 after buying an additional 2,340 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Exxon Mobil by 7.1% during the 3rd quarter. LS Investment Advisors LLC now owns 23,529 shares of the oil and gas company’s stock valued at $2,767,000 after buying an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. UBS Group boosted their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Barclays began coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.56.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the 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 completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $1.37 during mid-day trading on Tuesday, reaching $118.27. 20,776,285 shares of the stock traded hands, compared to its average volume of 18,227,934. The business has a 50-day moving average of $113.65 and a 200 day moving average of $106.73. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market capitalization of $468.14 billion, a PE ratio of 14.58, a PEG ratio of 4.05 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the company earned $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. Exxon Mobil’s payout ratio is currently 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.