Beta Wealth Group Inc. Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Beta Wealth Group Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,016 shares of the oil and gas company’s stock after acquiring an additional 101 shares during the quarter. Beta Wealth Group Inc.’s holdings in Exxon Mobil were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beaton Management Co. Inc. raised its holdings in shares of Exxon Mobil by 3.9% in the 4th quarter. Beaton Management Co. Inc. now owns 46,509 shares of the oil and gas company’s stock valued at $5,077,000 after purchasing an additional 1,733 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Exxon Mobil by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 265,084 shares of the oil and gas company’s stock valued at $28,515,000 after buying an additional 13,708 shares during the period. GAM Holding AG raised its stake in Exxon Mobil by 6.8% in the fourth quarter. GAM Holding AG now owns 160,909 shares of the oil and gas company’s stock worth $17,309,000 after buying an additional 10,239 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Exxon Mobil by 7.1% during the fourth quarter. Venturi Wealth Management LLC now owns 56,284 shares of the oil and gas company’s stock worth $6,054,000 after buying an additional 3,709 shares during the period. Finally, Fortis Group Advisors LLC boosted its position in Exxon Mobil by 29.5% during the 4th quarter. Fortis Group Advisors LLC now owns 51,713 shares of the oil and gas company’s stock valued at $5,563,000 after acquiring an additional 11,779 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 1.7 %

Shares of XOM stock opened at $112.12 on Friday. Exxon Mobil Co. has a fifty-two week low of $102.88 and a fifty-two week high of $126.34. The firm has a market capitalization of $492.78 billion, a PE ratio of 14.30, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day simple moving average is $108.60 and its 200-day simple moving average is $114.52.

Exxon Mobil (NYSE:XOM) last issued its 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business posted $2.48 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.