Castle Wealth Management LLC Acquires 572 Shares of Exxon Mobil Co. (NYSE:XOM)

Castle Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.3% in the 4th quarter, Holdings Channel reports. The firm owned 7,468 shares of the oil and gas company’s stock after purchasing an additional 572 shares during the quarter. Castle Wealth Management LLC’s holdings in Exxon Mobil were worth $803,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XOM. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth $46,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $48,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the third quarter worth about $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 0.0 %

NYSE XOM opened at $108.17 on Friday. The stock has a market cap of $475.42 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $100.60 and a 12-month high of $126.34. The company has a fifty day simple moving average of $108.78 and a two-hundred day simple moving average of $114.73.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the firm posted $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.66%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.