Leisure Capital Management Buys 2,970 Shares of Exxon Mobil Co. (NYSE:XOM)

Leisure Capital Management raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 29.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,101 shares of the oil and gas company’s stock after purchasing an additional 2,970 shares during the period. Leisure Capital Management’s holdings in Exxon Mobil were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Money Concepts Capital Corp boosted its stake in shares of Exxon Mobil by 3.1% in the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after acquiring an additional 95 shares during the period. Defined Wealth Management LLC boosted its stake in shares of Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 96 shares during the period. Crown Wealth Group LLC boosted its stake in shares of Exxon Mobil by 2.4% in the third quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after acquiring an additional 97 shares during the period. Auxier Asset Management boosted its stake in shares of Exxon Mobil by 0.8% in the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after acquiring an additional 97 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV boosted its stake in shares of Exxon Mobil by 2.0% in the third quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock worth $580,000 after acquiring an additional 98 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. TD Cowen upped their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Down 2.8 %

Shares of NYSE XOM traded down $3.37 during midday trading on Friday, hitting $117.96. The company’s stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $113.33 and its two-hundred day moving average is $106.64. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market cap of $466.92 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the company posted $2.83 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) 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.