Exxon Mobil Co. (NYSE:XOM) Shares Bought by LMG Wealth Partners LLC

LMG Wealth Partners LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,704 shares of the oil and gas company’s stock after purchasing an additional 539 shares during the period. Exxon Mobil makes up 1.5% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 21st largest position. LMG Wealth Partners LLC’s holdings in Exxon Mobil were worth $7,068,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at approximately $51,000. Compass Financial Services Inc acquired a new position in Exxon Mobil during the fourth quarter worth $48,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the third quarter worth $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction 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 insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $110.67 on Friday. The stock’s 50-day simple moving average is $108.60 and its 200-day simple moving average is $114.49. The firm has a market capitalization of $480.20 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $102.88 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 quarter last year, the firm posted $2.48 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.