BlackDiamond Wealth Management LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

BlackDiamond Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,525 shares of the oil and gas company’s stock after purchasing an additional 382 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Exxon Mobil were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $80,000. Orion Capital Management LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $91,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $92,000. Finally, TFO Wealth Partners LLC increased 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 valued at $104,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.11 during trading on Friday, reaching $113.62. 3,919,342 shares of the stock traded hands, compared to its average volume of 18,310,529. The company has a market capitalization of $448.00 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 4.02 and a beta of 0.96. The business has a fifty day simple moving average of $117.63 and a two-hundred day simple moving average of $107.80. 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 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.83 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. HSBC lifted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. 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 note on Friday, April 5th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by 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.